Adjusting Closing Stock
This query is : Resolved
Mahesh Rathinavelu
(Querist)
07 September 2010
Hi,
If we adjusting in closing stock to reduce the profit , does it affect excise ? in case of first stage dealer cum if it is a trading company how it does affect?
Thanks & Regards
Mahesh.R
If we adjusting in closing stock to reduce the profit , does it affect excise ? in case of first stage dealer cum if it is a trading company how it does affect?
Thanks & Regards
Mahesh.R
07 September 2010
yes,
excise will be get effected as you have to report your closing stock detial to the excide authorities.
excise will be get effected as you have to report your closing stock detial to the excide authorities.
Message likes :
1 times
Mahesh Rathinavelu
(Querist)
08 September 2010
Thank You very Much ....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Tax on Amount transferred in HUF Account
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
