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Cost of stock

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47 Points Posted on 02 February 2020
Basic-6588
Payment discount 5%- 329.4
Value before tax-6258. 6
Tax @ 18%-1126.54

Cost of Stock as per income tax &GST?
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On 02 February 2020 at 17:35 Report
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Profession Business
28207 Points Posted on 02 February 2020
Cost of stock as per income tax is not computed.
generally every month companies give stock ststem
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On 02 February 2020 at 21:13
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17264 Points Posted on 03 February 2020
But what is query reply ?
Cost of stock as per query ?
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On 03 February 2020 at 00:40
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student
178 Points Posted on 06 February 2020
As per ICDS amount of tax shall be included in the value of stock irrespective of input tax credit available. - For income tax act. Provided it is included in closing stock .

For GST cost is not calculated separately, amount which is shown in the books of accounts is value of cost .
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On 06 February 2020 at 16:36
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Profession Business
28207 Points Posted on 09 February 2020
Follow accounting standard 2...
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On 09 February 2020 at 19:58
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17264 Points Posted on 11 February 2020
Please attend and reply, cost of stock as per given example. RS._______. Or may leave post if no answer.

why refer to AS2, first reply 😇
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On 11 February 2020 at 02:00


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