At the time of Sales: Customer A/c 800040 Sales Scrap 810010 ED Recovery- MFG (Kgp) 810015 ED Recovery- MFG

(Ecess) (Kgp) 168640 Liability VAT At the time of Sales: 480010 Excise Duty 168200 ED Payable 168205 ED Payable(EC) For Duty payment through PLA 168210 Excise - PLA Deposit 168215 Excise-PLA Dep(EC) 120199 ED paid PLA - HOLD DR CR CR DR. CR. CR. CR. CR.

At the time of Incoming Materials.: Stock Control Account 191120 GR/IR Clearing Account Stores & Spares

DR CR

At the time of Vendor Payment 192400 Modvat Clearing A/C 191120 GR/IR Clearing Account Stores & Spares Vendor A/c At the time of Capturing Incoming Excise Invoice. 120020 Excise - Modvat Av. 120025 Edu.cess-Rg23A Avail 192400 Modvat Clearing A/C DR DR CR DR DR CR

DR DR CR

At the time of Capturing Incoming Excise Invoice. For bank payment: 120199 ED paid PLA - HOLD Vendor (Bank ) For Utilisation : 168200 168205 120020 120025 120150 120155 168210 168215 120030 120035 ED Payable ED Payable(EC) Excise - Modvat Av. Edu.cess-Rg23A Avail ED - RG23C Edu.cess-Rg23C Avail Excise - PLA Deposit Excise-PLA Dep(EC) Service Tax- Plant Service Tax- Pl-Cess DR DR CR CR CR CR CR CR CR CR Service Tax On GTA Service When Material is purchased & Freight is there At the time of Incoming Materials.: Stock Control Account GR/IR Clearing Account Stores & Spares Freight Clearing At the time of Transporter Payment Freight Clearing A/c Service Tax GTA Clearing A/c Service tax payable A/c Vendor A/c TDS payable Account 120150 120155 120191 192400 ED - RG23C Availed Edu.cess-Rg23C Avail Capl Goods MOD HOLD Modvat Clearing A/C DR DR DR CR

DR CR

Dr Cr Cr

(*) (*)

Dr Dr Cr Cr Cr

(*) Value in case of GTA is calculated as under In case when Transporter gives a declaration Value will be 12.36% of ( 25% of FREIGHT Value) In case when Transporter does not gives a declaration Value will be 12.36% of ( 100% of FREIGHT Value)

Description Excise - PLA Depositable Excise - PLA Depositable(Education Cess) Excise Duty Excise Duty Payable Excise Duty Payable(Education Cess) Excise Duty Payable-Mannual Entry Excise Duty Recovery - Manufactured Products Excise Duty Recovery - Miscellaneous Products Excise Duty Recovery on Consignment Sales Agent Excise Duty Recovery-Misc. Product(Education Cess) Excise Duty Recovery-Mnf.Products(Education Cess) E.Cess RecoveryCSA -REDI Finished Goods (Provision Excise Duty on stock) Excise Duty paid PLA HOLD Excise Duty-Mannual Entry Ex. Duty Deposit Capital Goods RG23C Ex. Duty Deposit Capital Goods RG23C- cess Ex.Duty Deposit Modvat Credit RG23A Ex.Duty Deposit Modvat Credit RG23A-Cess CG VATABLE ACCT Liability For VAT RM VATABLE ACCT Modvat Clearing Account Capital Goods Modvat Hold A/c. Service Tax- Plant Service Tax- Pl-Cess Service Tax- HO Service Tax- HO-Cess

KGP 168210 168215 480010 168200 168205 168220 810010 810040 811010 810045 810015 811015 790060 120199 480020 120150 120155 120020 120025 120230 168640 120210 192400 120191 120030 120035 120040 120045

REDI 168211 168216 480011 168201 168206 168221 810011 810041 811011 810046 810016 811016 790061 120299 480021 120151 120156 120021 120026 120231 168641 120211 192401 120192 120031 120036

Liability For CST Liability For LST Liability For LST-SC

168710 168610 168630

??? ??? ???

168711 168611 168631

UTI Bank GL Accounts

Main Cheques Payable Cheques Receivable 110150 110151 110152

Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done Done NA. NA.

Done Done Done

Done Done Done