St on transport credit taken against excise duty payable
This query is : Resolved
26 June 2014
Hi friends
Service tax paid on Transport is taken as CENVAT credit against excise duty payable .
How to pass journal entries in Tally.
Service tax paid on Transport is taken as CENVAT credit against excise duty payable .
How to pass journal entries in Tally.
Rupesh Jain
(Expert)
26 June 2014
you can take service tax input on service tax paid on freight inwards . and make adj for excise duty.
entry as follows:
service tax receivable
cess receivable
sec receivable
to excise duty payable
to cess on excise paya
to sec & high sec excise paya
entry as follows:
service tax receivable
cess receivable
sec receivable
to excise duty payable
to cess on excise paya
to sec & high sec excise paya
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