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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 January 2013
Please can anyone tell me excise duty is recorded in the books considering cess or not.
e.g Purchase worth 602910
Excise Duty @ 12% 72349.2
E.Cess @2% 1446
SAH E.Cess @ 1% 723.49
Now journal will be :
Purchase Dr. 602910
CCR Dr (Plz confirm this amt will be including cess or not)
To Party
e.g Purchase worth 602910
Excise Duty @ 12% 72349.2
E.Cess @2% 1446
SAH E.Cess @ 1% 723.49
Now journal will be :
Purchase Dr. 602910
CCR Dr (Plz confirm this amt will be including cess or not)
To Party
20 January 2013
CCR should have three parts (i)Cenvat (ii) Ed Cess & (iii) SAH ed cess. because credit is available.
Their utilisation is restricted to the same group that's why these should maintained separately
Their utilisation is restricted to the same group that's why these should maintained separately
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