Vat on closing stock

2732 views
User Avatar

28 Points Posted on 30 May 2007

Hello friends

I want to know the effect of vat on closing stock. whether any material available on that.

 

Regards

Vkshah

 

Reply Share Follow
On 30 May 2007 at 05:46 Report
Replies (5)
User Avatar

Chartered Accountant
8724 Points Posted on 30 May 2007
u need to go through the guidence note issued by thw ICAI ON IT
Reply
On 30 May 2007 at 05:49
User Avatar

proprietor
72 Points Posted on 15 June 2007
VAT ON CLOSING STOCK AMOUNT TO BE CREDITED IN 01.01.2007 IN PURCHASE ACCOUNT ONLY. (FOR INPUT TAX PURPOSE)
Reply
On 15 June 2007 at 01:54
User Avatar

ca student
112 Points Posted on 08 September 2007
The Vat treatment it may be already given at the time of purchase only. So the closing stock is already get affected.
Reply
On 08 September 2007 at 17:44
User Avatar

professional
58 Points Posted on 17 September 2007
vat should not be included in closing stock. if your purchases is excluded vat
Reply
On 17 September 2007 at 19:24
User Avatar

Finance Manager-India
251 Points Posted on 19 September 2007
Vat is already included in the stock.
Reply
On 19 September 2007 at 16:12

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Foreign remittance
  2. Affordable Residential Flats in Gurgaon
  3. Manufacturing
  4. TAN REGISTRATION ON E-FILLING SITE
  5. Form 10-IEA – Continuing Old Regime
  6. Income tax act 2026
  7. Belated Return where Form 10IEA filed this year to
  8. GST Reconciliation Tool (2A vs Books) - looking fo
  9. TDS ON PF FORM 19 WITHDRAWAL
  10. Can a virtual office in Mumbai be used for company

More recent discussions | Post

Related Topics :

Loading