Ajdustment entery of cenvat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2013
Dear Experts,
1.
for manufacturing company when we pay service tax on freight through bank.
entry
service tax dr 100
ed cess 2
she cess 1
bank cr. 102
now we want to take credit this paid amount (102)in excise than who will be debited
Dr. what?????? Rs. 102
cr. cenvat excise duty Rs. 102
2. adjustment of input service with excise
entry with example
1.
for manufacturing company when we pay service tax on freight through bank.
entry
service tax dr 100
ed cess 2
she cess 1
bank cr. 102
now we want to take credit this paid amount (102)in excise than who will be debited
Dr. what?????? Rs. 102
cr. cenvat excise duty Rs. 102
2. adjustment of input service with excise
entry with example
26 August 2013
1- 1st Entry
Service Tax (Cenvat Receivable in current assets) Dr By Rs 100 and other cess and credit bank- This entry is to be made when you paid Service Tax.
When you utilized Cenvat Credit, Entry Should be Excise Payable Dr and Cenvat Receivable Cr.
Service Tax (Cenvat Receivable in current assets) Dr By Rs 100 and other cess and credit bank- This entry is to be made when you paid Service Tax.
When you utilized Cenvat Credit, Entry Should be Excise Payable Dr and Cenvat Receivable Cr.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST Rate for Catering Services
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Bank details not Visible on Traces Portal
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
