accounting treatment

This query is : Resolved 

28 March 2009 Dear All,
I got a query in excise.please tell me what type of accounts is to be open for excise,how credit taken and its links with the service tax.please expalain with entries

28 March 2009 Open the Excise A/c and Service Tax under the head "Duties & Taxes" you will get net-off figure,means payable or refund at the end see whether this A/c shows debit or credit balance and treat accordingly



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