IS THERE ANY ADDITION OF VAT AND EXCISE DUTY IN THE VALUATION OF CLOSING STOCK AS PER ICDS EVEN IF WE HAVE CREDIT FOR THE SAME AND IF NOT WHAT IS THE CRETERIA TO FOLLOW.
I AM HAVING CONFUSION OF ADDITION OF VAT PAID ON PURCHASE OF STOCK ADDITION OF IT IN THE VALUE OF CLOSING STOCK.
| Originally posted by : Pankaj Ghiya | ||
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IS THERE ANY ADDITION OF VAT AND EXCISE DUTY IN THE VALUATION OF CLOSING STOCK AS PER ICDS EVEN IF WE HAVE CREDIT FOR THE SAME AND IF NOT WHAT IS THE CRETERIA TO FOLLOW. I AM HAVING CONFUSION OF ADDITION OF VAT PAID ON PURCHASE OF STOCK ADDITION OF IT IN THE VALUE OF CLOSING STOCK. |
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Can any one explain the effect of vat on stock valuation??
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