How reporting shall be done under Clause 13 (d) (e) (f) of Form 3CD for small retailers (Grocery Stores) who have high turnover but less profit and who dont have proper system of inventory valuation. Which ICDS shall be applicable to them and how reporting should be done??
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Query regarding 3cd amendment (clause 13)
Replies (1)
Have a look at ICDS II, which is on Valuation on Inventories you will have to disclose following:
Here's a link: https://caclub.in/cbdts-revised-icds-2-relating-to-valuation-of-inventories/
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