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sec 145A

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(Querist)
04 March 2009 Kindly may any body give me explanation about
accounting procedure about inventory with Excise, Vat
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
04 March 2009 Dear Syyed,
As per the guidenance notes on TAX AUDIT u/s 44AB by ICAI and if this approach is adopted, inclusive method of Accounting should be used for Cenvat Credit available on Excise which will be shown Net of Credit. and credit attributable to closing Stock will be shown withing closing Stock
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Querist)
04 March 2009 Thank u Sir
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