Menu
Accounts GST
What is the difference between Packing material and stock of packing material and which heads expenses or assets in trading?
Replies (3)
Packing materials itself a goods,
When you maintain the stock of the same it will be treated as Stock of Packing Material.
If you maintain your stock of packing materials, it will be consumed in the time finished goods.
Depends you are using as production packing materials?
You are doing trading business for the same?
When you maintain the stock of the same it will be treated as Stock of Packing Material.
If you maintain your stock of packing materials, it will be consumed in the time finished goods.
Depends you are using as production packing materials?
You are doing trading business for the same?
Treat the "Packing Material" under Direct/Indirect Expenses based on its nature of "Manufacturing / Trading.
process of refund of Cash ledger balance ??
Recent Threads
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
- New form 139 as per Tax Act 2025
- In GST maintain invoices or bill in excel instead
- How to paid income tax in block return in itrb
- RCM Applicable for Man Power Supply (URD) to Regis
- Guidance Required for CA Final Group 2
- Income tax challan in block itrb
- CREDIT NOTE RECEIVED AGAINST REVERSAL OF ITC ON EA
Related Threads
CAclubindia
