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.
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