banner_ad

compound entry

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 October 2009 Dear Sir ,
i am working with telecom company here i face some probem while doing this entry
plz help
my item value is 5000
add vat on 90% 607
add service tax on 33% 170
total 5777
Profile Image

Shyam Lal Naik

Profile Image

Shyam Lal Naik (Expert)
07 October 2009 Presuming that you are entitled to vredit on VAT and Service tax a possible entry will be as follows :

Purchase A/c Dr. 5000
Input VAT Dr. 607
Cenvat Suspense Dr.170
To Suppliers A/c 5777

On payment of the bill, pass the following additional entry

Cenvat Credit Dr. 170
To Cenvat Suspense 170
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details