accounting treatment of depb license
This query is : Open
CA Vasneet Kaur
(Querist)
16 December 2010
hii
if any exporter is entitled to depb license when should recognition in books be made whether on cash basis or accrual basis????
if any exporter is entitled to depb license when should recognition in books be made whether on cash basis or accrual basis????
CA Manikandan.A.V
(Expert)
18 December 2010
As per normal practice DEPB is booked on actual sale/cash basis not on accrual basis. VAT is payable on such sale.
CA Vasneet Kaur
(Querist)
20 December 2010
can you refer some guidence note or some material with this regards
Thanks
Thanks
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