what is service tax & excise? How will it be charged?
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i have purchase flat Rs.51279327/- + stamp duty registration charges + MVAT + Service tax = 5332370/- & other charges Rs.2012540/- please late me journal entry in Fixed asssets.
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My question is why we debit the input tax, and cradit the output tax. wt is the logic and wt is the principal behind it adil khan( CA STUDENT)