While maintaining RG 23d register for the new financial year (April). what is the RG number for March ending closing stock? (should we change the old number?), & what for new entries? pls suggest immediately..
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While maintaining RG 23d register for the new financial year (April). what is the RG number for March ending closing stock? (should we change the old number?), & what for new entries? pls suggest immediately..
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Dear Nihal,
Yes, there is a requirement to start afresh. Page numbers and serial number of the entries should be started from Serial No. 1 for the New Financial Year (i.e. from April).
Team YAGAY & SUN
(Management & Tax Consultants)
Dear Pradeepji,
The Serial no. 1 for new stock entries, but what about the old stock? Should the last yeard stock RG no. same for next year or it will change?
Old stock entries will remain the same. You have to put old page no and entry no while preparing dealer invoice. entry no 1 and page no 1 will start for preparing invoice from 1st April or taking new credit of invoice / bill of entry in RG23D register.
Dear Nihal,
The closing balance of stock in DSA (RG-1) and in RG 23D would be carried forward and would be incorporated as opening balance in new books of statutory records.
Regards,
Team YAGAY & SUN
(Management & Indirect Tax Consultants)
& this closing balance of stock RG no. will same or restart from 1 ?
pls advise
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