Closing stock

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2015 I have a client who's closing stock which is fake as per books is more than actual physical stock and it is also liable for VAT so how to clear it without incurring tax incidence

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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06 January 2015 you cant save taxes if u want to show the actual and correct details na....

either pay taxes or show lower stock

i wil recommend to pay taxes and show actual stock in books of accounts

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