Accounting of Purchase

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SIJU VARGHESE (Querist)
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18 November 2009 Sir,
I am a Manufacturer of VAT exempted Goods. We receive some Job Works from others and on which they deduct service tax @10%(Inv.Form 8C).My question is, how can we show such Invoice value in A/cs.I mean, Purchase Value incl. tax or separately.

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Ram Avtar Singh

Ram Avtar Singh (Expert)
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18 November 2009 its not purchase its job work charges. service tax cenvat credit abailable. entery like this.

jobwork charges dr
service tax dr
cess on service tax dr
S&H Cess dr

xyz party cr

then dedct TDS @ 2%

xyz dr
TDS payabke cr

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