Entry of cst on fixed assets purchased
This query is : Resolved
08 September 2009
If we purchase a machinery and cst is charged toi it then wat entry is passed.
and
is cst niled by passing a reverse entry
also
cst account is crested under wat head
and
is cst niled by passing a reverse entry
also
cst account is crested under wat head
09 September 2009
You can get the credit of CST so if youa re capitalizing it you have to park reversal fo the same.
Machinary Dr
CST Cr (As it is your liability)
Bank Cr (Payment)
Reversal :
CST Dr
Bank Cr
Machinary Dr
CST Cr (As it is your liability)
Bank Cr (Payment)
Reversal :
CST Dr
Bank Cr
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
