1. Categories >> Accounting >> Accounting General
  2. Suggest New Category

Wat entry ill come after paying the Cen -Excise Tax Vat Tax
and Service Tax in the same time

Question Posted / francis

Answers were Sorted based on User's Feedback



Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time ..

Answer / 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

Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time ..

Answer / antony john

sur tax

Is This Answer Correct ?    1 Yes 3 No

Post New Answer

More Accounting General Interview Questions

Why did you select accounting as your profession?

0 Answers  

i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

0 Answers  

Journal entry for Telephone purchased in credit?

5 Answers   Amazon,

What information is included in a bill for services?

0 Answers  

can any accountant forward format of daily or monthly mis format for accounts and finance dept!!

0 Answers  




What is the meaning of Central Excise and State Excise Duty & also want to know differnec between them

2 Answers   Genpact,

any one provide me mm & fi configration steps

0 Answers  

I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so

0 Answers   Vita,

journelising the following? dpereciation of plant & machinery rs 30000/- interest accrued but not received Rs 15000/- prepaid insurance Rs 10000/- drawings of cash Rs 5000/- withdrew goods for personnel use Rs 2000/- what is cost centre? How do you verify the correctness of material control system? How many directors are required at a minium for Private ltd and public ltd companies? How do you compute the following ratios? current ratio net profit ratio gross profit ratio debt service coverage ratio sales turnover ratio

3 Answers  

what is tax deducted at source

0 Answers   Construction,

Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?

0 Answers  

what is mutual fund?

3 Answers  

For more Accounting General Interview Questions Click Here
Categories