Cenvat Credit
This query is : Resolved
Manasa Ranjan Samal
(Querist)
10 February 2011
Sir,
How to calculate the Debit Entry of Cenvat Credit on inputs and Capital Goods & Debit Entry of Input service Credit (i.e, credit utilized) ?
Kindly reply
How to calculate the Debit Entry of Cenvat Credit on inputs and Capital Goods & Debit Entry of Input service Credit (i.e, credit utilized) ?
Kindly reply
CMA Ramesh Krishnan
(Expert)
10 February 2011
Credit can be taken on payment basis. you keep 2 ledgers while making bill enttry debit one ledger and after payment you transfer the credit to one more ledger and utilise the same
Message likes :
1 times
Manasa Ranjan Samal
(Querist)
10 February 2011
Ramesh Sir,
Kindly give your email-ID I will attach the excel sheet and ask question from it and my email ID is mrsamal1@yahoo.com
Kindly give your email-ID I will attach the excel sheet and ask question from it and my email ID is mrsamal1@yahoo.com
CMA Ramesh Krishnan
(Expert)
10 February 2011
r.krishnanblr@gmail.com
Manasa Ranjan Samal
(Querist)
10 February 2011
Sir,
Suppose We took 50% Cenvat Credit on Capital Goods this year and balance 50% in next year. My question is that balance 50% credit in the month of April of next year or same month i.e. April'09 in April'10 , May'09 in May'10 & so on.
Kindly reply.
Suppose We took 50% Cenvat Credit on Capital Goods this year and balance 50% in next year. My question is that balance 50% credit in the month of April of next year or same month i.e. April'09 in April'10 , May'09 in May'10 & so on.
Kindly reply.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
