Difference stock

A gst registered regular scheme dealer mentioned stock value as on 31.03.2020
1.stock from accounting ledger book value rs.10,00,000/-
2. trader verify physical stock value rs.11,50,000/-
doubt:
difference stock value Rs.1,50,000/- amount reason for trader some goods purchases from URD persons.difference accounting treatment for gstr 3 b March,2020 return.
Replies (3)
Quick Summary
This discussion addresses a common issue where the book value of stock differs from its physical verification value. The discrepancy, amounting to £1,50,000, is attributed to purchases from unregistered dealers (URD). The core question is about the correct accounting treatment and how to reconcile these differences in GST returns, specifically GSTR-3B and GSTR-1 for March 2020.

So,
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Difference stock value adjustment producure
GSTR 3B AND GSTR 1 WILL TAKE CARE ..
COMPARE THEM..

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