Excise duty

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2011 dear members i have a problem in excise matter so please provide me your valuable advise.
question is...

closing of month i complete RG 23A II Register, it's credit Total and Trial balance Cenvat Dr. amount match but after service tax credit transfer in cenvat a/c, trial balance cenvat dr. amount and rg register cr amount mismatch. for this problem i prepare reco every month in excise sheet.
so suggest me it's right????
if no please provide me some ideas...
i m waiting ..

Pushkar Singh Mer

Pushkar Singh Mer (Expert)
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16 December 2011 There is no need to transfer Service Tax credit to CENVAT credit. In Excise Return Service Tax Credit is being mentioned Separately. You can keep separate ledgers for CENVAT Credit and Service Tax Credit. CENVAT credit Ledger should be matched with RG23II Register and Service Tax Credit Ledger should be matched with Service Tax Credit Register.

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Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2011 Thanks mr. pushkar singh mehra. for your advise. can you please tell me how i maintain service tax credit register. can i make it in excise or any prescribe format you have. if have please provide me.

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Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2011 Thanks puskar ji