Accountig for cenvat credit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2014
Can following accounting treatment be followed?
1. For booking expenditure:
Expenditure A/c Dr xxx
(including service tax)
To Party A/c xxx
2. For taking Input Credit
Service Tax Input Credit A/c Dr xxx
To Expenditure W/Off A/c xxx
1. For booking expenditure:
Expenditure A/c Dr xxx
(including service tax)
To Party A/c xxx
2. For taking Input Credit
Service Tax Input Credit A/c Dr xxx
To Expenditure W/Off A/c xxx
02 May 2014
As per my view it is a correct entry.
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2014
Thank You Annu.
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