Capitive consumption and sale value
This query is : Resolved
03 November 2014
A company producing Item A and consumes for its own use & it is selling the same to outsiders also.
If item A is an Non Excisible item then should we include the said capitively consumed value in computing the net sales heading of the P&L Account? which is filed to RoC and IT and Annual report
will the stand differ if the ITEM A is Excisibel
If item A is an Non Excisible item then should we include the said capitively consumed value in computing the net sales heading of the P&L Account? which is filed to RoC and IT and Annual report
will the stand differ if the ITEM A is Excisibel
03 November 2014
It is a prudent accounting practice to prepare manufacturing account and trading account where some of the manufactured material is used for captive consumption, whether or not it is excisable.
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
