valuation of closing Stock

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..... valuation of closing Stock
Query (Issue) Started By: - sharvan khanna Dated:- 9-4-2014 Last Reply Date:- 31-12-2015 Income Tax
Got 1 Reply
Income Tax
As per the IT Act we are adding the e .....

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..... xcise duty and vat duty paid for bringing the raw-materials within our factory and on the goods manufactured from the Inputs. As such the Clsoing Stock Value goes to include the value of the goods+exc .....

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..... ise duty+vat/cst. Then we are showing the balancing figures of CENVAT in our Current Assets sides. As such, there is the double implication in the Assets side once we adding the C.E. + Vat on the Ra .....

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..... wmaterials + Finished Goods and once again the we are showing the balancing figures of the C.E. and Vat under the Current Assets side. So Please suggest what and how we should prepare the Balance Shee .....

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..... t so that there is no double implication of the same. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the above issue? If not please inform.
Discussion Forum - Know .....

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..... ledge Sharing .....

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