Centvat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2013 dear expert

i m manish ( accountant)

my problems is how i get entry in tally cenvat credit in manufacturing excise please solve this,
and what is cenvat credit and how its works

Gorav Kumar Goyal

Gorav Kumar Goyal (Expert)
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17 April 2013 for inputs:-
Purhcase dr.
cenvat input dr.
ed. cess dr.
shec dr.

To party a/c

For Capital Goods

Fixed Assets Dr.
Cenvat on C.G. Dr. 50%
Cenvat on C.G. to be availed 50%
Ed. cess availed 50%
Ed. cess to be availed 50%
Shec availed 50%
Shec to be availed 50%

To party A/c

Gorav Kumar Goyal
G K Goyal & Associates,
9910357301
goravgoyal@icai.org