ACCOUNTING ENTRIES FOR - CENVAT CREDIT AND PLA

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Neelkanth

Neelkanth (Querist)
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04 July 2008 can any one give me list of accounting entires for cenavt & PLA entires

Jiwan singh

Jiwan singh (Expert)
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04 June 2009 1- Purchases excisable goods -
Purchase a/c dr
Modvat a/c dr
To Supplier

2- Sales excisable goods -
Party a/c dr
To sales
To excise duty payable

3-Duty Deposit in PLA
PLA a/c dr
To Bank

4- Duty Adjustment

Excise duty payable a/c dr
To Modvat
To PLA