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
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
(Expert)
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
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
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