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Valuation of inventory

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(Querist)
17 November 2011 Whether Purchase Commission paid to some commission Agent is a part of Cost of Purchase ?
Further whether this will be included in the closing stock valuatoin if all the purchases are lying in the stock..?

Please support the answer with some reference.
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CMA Ashutosh Kumar Gupta

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CMA Ashutosh Kumar Gupta (Expert)
18 November 2011 (a) Yes
(b) Subjected to TDS, the commission payable
(c) In the Inventory Grouping add the Commission paid.

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