Centvat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2013 dear expert

i m manish ( accountant)

my problems is how i get entry in tally cenvat credit in manufacturing excise please solve this,
and what is cenvat credit and how its works

Gorav Kumar Goyal

Gorav Kumar Goyal (Expert)
Follow

17 April 2013 for inputs:-
Purhcase dr.
cenvat input dr.
ed. cess dr.
shec dr.

To party a/c

For Capital Goods

Fixed Assets Dr.
Cenvat on C.G. Dr. 50%
Cenvat on C.G. to be availed 50%
Ed. cess availed 50%
Ed. cess to be availed 50%
Shec availed 50%
Shec to be availed 50%

To party A/c

Gorav Kumar Goyal
G K Goyal & Associates,
9910357301
goravgoyal@icai.org

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok