Form 16 under DVAT - how to calculate vat on closing stock

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..... Form 16 under DVAT - how to calculate vat on closing stock
Query (Issue) Started By: - d.v. gupta Dated:- 17-4-2010 Last Reply Date:- 25-4-2010 VAT + CST
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VAT / Sales Tax
Dear .....

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..... all, form 16 has been changed under dvat act. is it notified. we have to file the old or new form 16 for qtr ending 31-03-2010. how we have to caculate vat on closing stock as we are not maintaing st .....

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..... ock register quantity wise. Reply By DEV KUMAR KOTHARI: The Reply: Partly replied: Stock register should be maintained to avoid complexities and to strengthen authencity of books of accounts, returns .....

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..... , final account etc. However, when it is not possible ( for all items including very petty and low value but numerous items) or when a dealer do not maintain stock register, at least he must have a ph .....

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..... ysical count of stock for each item at year end so that inventory can be valued properly. Applying ABC method of control at least day to day stock register of A catagory items should be maintained for .....

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..... always beter control
Discussion Forum - Knowledge Sharing .....

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