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.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- 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?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
