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..
maintaining RG 23d no.
nihal maner
Clarification on RG 23D Register: New Entries Start at Serial No. 1 in April; Retain Original Numbers for Old Stock. In a discussion about maintaining the RG 23D register for a new financial year, a participant inquired about the numbering for closing stock from March and new entries from April. A consultant advised that new entries should start from Serial No. 1 in April, while old stock entries retain their original numbers. Another participant confirmed that the closing balance from the previous year should be carried forward as the opening balance in the new records. The original inquirer sought clarification on whether the closing balance number should remain the same or restart. (AI Summary)
TaxTMI
TaxTMI