Export Sales or Stock
This query is : Resolved
03 April 2010
One of my client is engaged in exports. He has sent one shipment of Rs.480000 on 19-03-2010. But due to strike by British Airways his goods are lying at the warehouse of his cargo agent. He has not got the custom bill. During all this the financial year has changed from 2009-10 to 2010-11.
Kindly tell whether it shall be considered as export sales or stock.
Thanks & Regards
Saurabh Aggarwal
Kindly tell whether it shall be considered as export sales or stock.
Thanks & Regards
Saurabh Aggarwal
03 April 2010
stock n transit accordng to me
04 April 2010
But the goods has not been sent to a branch and it has been sent to a client. Should I disclose it as export sales in VAT returns or as closing stock
05 April 2010
dear saurabh,
accordng to my logic once good are moved from your premises then it should be considered as a sales.
u also shown in vat returns.
bt important thng s dat ki u should put d 1 note in notes to accts regard dis type of transaction.
further u hv any doubt den tel dear.
might be nw u r clear abt dis.
accordng to my logic once good are moved from your premises then it should be considered as a sales.
u also shown in vat returns.
bt important thng s dat ki u should put d 1 note in notes to accts regard dis type of transaction.
further u hv any doubt den tel dear.
might be nw u r clear abt dis.
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