accounting treatment
This query is : Resolved
28 March 2009
Dear All,
I got a query in excise.please tell me what type of accounts is to be open for excise,how credit taken and its links with the service tax.please expalain with entries
I got a query in excise.please tell me what type of accounts is to be open for excise,how credit taken and its links with the service tax.please expalain with entries
CA.SHAHZAD SAYYED
(Expert)
28 March 2009
Open the Excise A/c and Service Tax under the head "Duties & Taxes" you will get net-off figure,means payable or refund at the end see whether this A/c shows debit or credit balance and treat accordingly
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