Hello friends
Please suggest me solution for Centvat payable as central budget announced Rs. 30/- per metric ton as addition to the cenvat payable from march 1st 2011. for mini cement plant
and how to pass this entry in tally
3 Replies
Pankaj Arora
(Learner)
(3134 Points)
Replied 28 March 2011
suppose sale of 1metric ton
ZYZ Co. A/c Dr. 50030.00
Sales A/c 50000.00
Cenvat A/c Cr. 30.00
Ravi M
(CA-Final)
(460 Points)
Replied 28 March 2011
we have to pass it in invoice mode
in sales
party name
sales ledger
vat class
and the entry will be
cement .75MT 4142.89MT (Rate) 3107.17(amount
Centvat payable @ 10% 310.72
And for cenvat payable we have to add Rs 30
Pankaj Arora
(Learner)
(3134 Points)
Replied 28 March 2011
You have to charges rs. 30 on per metric ton instead of cenvat payable 10 %
Recent Topics
- How can I check the platform number for my train?
- Gratuity under CTC
- GST refund paid as estimated tax liability
- Salary Income and Professional services income
- Sec 54 and TDS on sale of property
- Airbnb Manager - I manage properties for owners
- Wrong head ed for late fee
- Inter Company trnafer
- Job work-Reg
- Who is liable to pay GST if bank charges excl GST
Related Threads
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
