Cenvat credit on Service tax

This query is : Resolved

jinesh (Querist)
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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

pls

vardan sharma

vardan sharma (Expert)
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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