24 February 2010
Hi, Dear Sir, pls explain the Xample of How Cenvat credit talen on 1)goods 2)in put services and gow it is utilised.how we make JV for this transaction give the practicle example
26 February 2010
While taking credit of duty Purchase account Dr 1000 CEnvat recoverable Dr.100 To Creditor(Cash)1100 While Utilising on removal Debtor A/c Dr 1650 To Sale 1500 To cenvat Payble 150 On actual payment of duty CEnvat Payble Dr 150 To Cenvat Recoverable 100 To PLA 50
CAclubindia
