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
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Missed uploading GST Invoice
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Appointment of Auditor By Form ADT-1
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
