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
Ravi M (CA-Final) (460 Points)
28 March 2011Hello 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
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 %
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
