What are the entries to be passed in the books of excise dealer for " cenvat pass on" ?
Thanks & reagrds
Ramkrishna (Accountant) (325 Points)
26 April 2010What are the entries to be passed in the books of excise dealer for " cenvat pass on" ?
Thanks & reagrds
praveen
(Chartered Accountant)
(6971 Points)
Replied 26 April 2010
Ramkrishna
(Accountant)
(325 Points)
Replied 26 April 2010
dear... i want 2 know whether the entries of cenvat is to be passed through book s of accounts or not
like---
on purchase : Puchase A/c ....dr 1000
Cenvat acc .....dr 100
To Party a/c ............................Cr 1100
& on sale Party a/c. ................dr 1200
To sale a/c............................cr 1100
TO cenvat ...................................cr 100
Ramkrishna
(Accountant)
(325 Points)
Replied 26 April 2010
Also in case if any raw material is removed " as such" from manufacturng unit
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