Wrote on 16 August 2012
We have implemented SAP Business one at one of our client site they are doing trading business.before the implementation they were following FIFO method but now the valuation method is weighted average. Auditor based on this case is saying that he will not file the tax audit report unless we change the method to FIFO. Its a very big procedure to change the method in SAP full year transaction has to be reentered my question is. the difference between both the method in 60000+
My question is.
1. Is it enough to show this amount as income and file the tax audit report and disclose it in form 3CD
2. In Next financial year can we stick on to Average method