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HSN/ SAC Related

This query is : Resolved 

01 April 2024 Sir,

We received a purchase invoice containing cost of spare parts (HSN- 8471) and cost of service charges (SAC 9987) to get repaired one of our plant & machinery using in business.

While recording this purchase invoice in books of accounts under the Head "Repairs & Maintenance (P&M) A/c ", do we need to mention only SAC-9987
for the entire invoice value? Or do we need to mention SAC and HSN both with separate bifurcation?

Please clarify...

Thanks in advance...

01 April 2024 better to maintain separate heads

02 April 2024 Thank you sir... Your answer is helpful for me, and I think it will help and guide many accounting people who might be in confusion with this issue. Regards..

02 April 2024 Yes, I agreed with Mr CA Bhavik P Chudasama, It will be account in separate head. Then its helpful for the expenss of service of machinery and it's spare parts.

03 April 2024 Thank you experts...

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