Closing stock valuation as on 31.03.18

snigdha kyal (Article Assistant) (70 Points)

03 September 2018  

Please explain the treatment of GST for Closing Stock Valuation as on 31.03.18

Because as per Sec 145(2) and ICDS II Closing Stock shall be inclusive of taxes

whether there is any Taxability due to GST on Closing Stock

If we add GST on Closing Stock in Computation As per ICSD II, where the GST shall be deducted?