Accounting Entries for Cenvat Credit (Service Tax)

This query is : Resolved

Ravi (Querist)
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02 July 2008 Hello Friends,

i have doubt in Service tax accouting entries (Journal Etries) to be passed in books in case of cenvat credit. Also were the Cenvat credit will be shown in books.

Could any one please explain in detail on the above subject.

Sanjeev Kumar Varshney

Sanjeev Kumar Varshney (Expert)
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02 July 2008 Ravi

Cenvat Receivable ---Dr
To Service provider

Excise / Service Tax Payable ---Dr
To Cenvat Receivable

Cenvat set off available after making payment of Invoice.