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Accounting of Purchase

This query is : Resolved 

18 November 2009 Sir,
I am a Manufacturer of VAT exempted Goods. We receive some Job Works from others and on which they deduct service tax @10%(Inv.Form 8C).My question is, how can we show such Invoice value in A/cs.I mean, Purchase Value incl. tax or separately.

Please Reply.

18 November 2009 its not purchase its job work charges. service tax cenvat credit abailable. entery like this.


jobwork charges dr
service tax dr
cess on service tax dr
S&H Cess dr

xyz party cr

then dedct TDS @ 2%

xyz dr
TDS payabke cr



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