In excise and service tax records Basic Education cess and Secondary ED Cess arer recorded seperately.
is it necessary to have seperate ledger accounts of Basic Ed Cess and SH Ed cess in book of accounts?
please suggest.
Prashant Panse (SR.OFFICER) (40 Points)
19 October 2013In excise and service tax records Basic Education cess and Secondary ED Cess arer recorded seperately.
is it necessary to have seperate ledger accounts of Basic Ed Cess and SH Ed cess in book of accounts?
please suggest.
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 19 October 2013
Yes, when you are recording separately then two different accounts are likely to be there....
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