07 February 2014
It means CENVAT credit is available only and only on tax invoice. Am I correct??? ----------------------------------- Please ans one more qstn. Is this entry correct.... ( A most famous school gives a add in news paper & channels)
1) On the time of 100% advance on proforma invoice (which includes Service Tax amount also)
Adv. Agency a/c Dr. To 2% TDS (u/s 194 C) To Bank ----------------------------------- 2) Journal entry when Tax Invoice will receive
Adv. Exp. a/c Dr. Service Tax a/c Dr. To Adv. Agency ------------------------------------
CAclubindia
