Acounting entry - excise

Originally posted by : Santhu
	'A' manufacture sold goods to 'B' First stage dealer as follows Purchase 10000 Excise     500 Edu cess    10 S&H cess     5 Then 'B' First Stage dealer sold goods to 'C' a manufacturerfor17000. Can anyone please explain the journal entries to be passed in the books of C.

Goods ..a/c Dr

Exice Tax a/c Dr

Edu Tax   dr

S& H Dr

   To  B'Dealer a/c

In my view the accounting entry will be:

Purchases a/c Dr

To B' Dealer A/c

(Being goods purchasesed as per invoice no....dt:   Qty & rate to be mentioned)

purchase a/c debit rs.16485/-

cenvat credit receivable A/c debit rs.500/-

edu cess receivable a/c debit rs.10

sh.edu cess receivable a/c debit rs.5/-

to party a/c ( ' B ' a/c ) credit rs. 17000/-

VAT leviablilty in case of sale should also be considered....