Poonawalla fincorps
Poonawalla fincorps

Ed on fixed assets

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 March 2014 whether excise duty is to be paid while purchase of new asset..please provide the entry and explain how to avail cenvat credit.
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
04 March 2014 If the asset is purchased from a manufacturer who is liable to pay excise duty, then excise duty is to be paid.

Entries:

Fixed Asset A/c Dr
CENVAT Credit Receivable (Capital) Dr
CENVAT Credit Receivable Deferred (Capital)
To Creditor

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links