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St on transport credit taken against excise duty payable

This query is : Resolved 
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(Querist)
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.
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Rupesh Jain

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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
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