Wat entry ill come after paying the Cen -Excise Tax Vat Tax
and Service Tax in the same time
Answer Posted / nayana patel
Vat Paid Entry
Vat Payable a/c dr
To vat receivable a/c
OR
vat Paybale a/c dr
To Bank a/c.
service Paid
Service tax payable a/c dr
to bank a/c
Excise Duty
Excise Duty Paid from Cenvat or Pla
Excise Duty @ 10% dr
Edu.cess @2% Dr
S.edu.cess @ 1% Dr
To Cenvat on Purchase Excise @10% Cr
To Cenvat on Purchase edu.cess @2% Cr
To Cenvat on Purchase Sec.educ.@ 1% Cr
Or
Excise Duty @ 10% Dr
Educ.cess @ 2% Dr
S.educ.cess @ 1% Dr.
To Pla Ledger Cr
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Define depreciation and its types?
Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,
How do I record a prior year property tax refund on sale of asset due to overvaluation
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
What is the definition of offset accounting?
sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.
What is an interlocking accounting system?
what is t code of journal voucher report with amount?
hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?
What is corporate assesses?
shares convert into share capital what is the journal entry? how many ledgers need to create?
i want to know f form and how to use and how can purchase
In which account does the unpresented cheque will get recorded?