Hai All...
I have purchased certain goods for trading and claimed ITC while filing the KVAT Return in 2015-16. Now I wanted to convert those stock into assets. What are the accounting entries and what is the tax implcations?
Thanks in Advance.....
Menu
Conversion of stock in trade to fixed asst
Replies (1)
assest dr
purchases cr
itc cr
purchases cr
itc cr
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
