sec 145A
This query is : Resolved
04 March 2009
Kindly may any body give me explanation about
accounting procedure about inventory with Excise, Vat
accounting procedure about inventory with Excise, Vat
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
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
04 March 2009
Thank u Sir
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