Revised schedule vi
This query is : Resolved
jitendra jain
(Querist)
29 June 2013
we have paid custom duty on 29th March pertaing to April month shipment , that is advance , so pls tell me, which group it will show in balance sheet , prepaid exp. or advance to other group .............
CMA Ramesh Krishnan
(Expert)
02 July 2013
Other loans & advances
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jitendra jain
(Querist)
03 July 2013
but it is prepaid exp. so why we will show in loans & advance pls send any relevant notes regarding this ........
CMA Ramesh Krishnan
(Expert)
03 July 2013
It is not prepaid. it is like advance payment of tax & duties only. so be considered as advance.same like service tax cenvat
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