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Value Differe in stock transfer

Statutory Audit 1546 views 1 replies

There is value Variation in stok transfer Means, We have purchases goods from out side karnataka against form C. fOR AMOUNT OF Rs 55,850/- Same goods stock Transfered to our Brach out side karnataka For amount of Rs 95,000/- Against " F" Form . MY Question is there is differ in valuation of stock, The dept officer Will not ask this????????

Replies (1)
Originally posted by :TR NAGARAJA
"

There is value Variation in stok transfer Means, We have purchases goods from out side karnataka against form C. fOR AMOUNT OF Rs 55,850/- Same goods stock Transfered to our Brach out side karnataka For amount of Rs 95,000/- Against " F" Form . MY Question is there is differ in valuation of stock, The dept officer Will not ask this????????

 

HI,

IN MY OPENION THERE IS NO VALUE DIFFRENCE. BECAUSE HEAD OFFICE PURCHASES GOODS IN WHATEVER VALUE.

BUT HE VALUE THE GOODS AROUND 95000/- THIS IS THE VALUE OF GOODS. YA BUT THE BRANCH REQUIRED TO SELL THE GOODS IN NOT LESS THEN 95000/- VALUE.

 

I DON'T THINK THERE IS ANY STOCK VALUATION. BECAUSE WE PAID THE SALES TAX ON SELLING PRICE.

 

"


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