maintaining RG 23d no.

[nihal maner]

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..

[YAGAY and SUN]

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)

[nihal maner]

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?

[Yatin Bhopi]

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.

[YAGAY and SUN]

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)

[nihal maner]

& this closing balance of stock RG no. will same or restart from 1 ?

[nihal maner]

pls advise

AI Summary

Register numbering practice: closing stock entries are carried forward while serial numbers restart for the new financial year.
Page numbers and entry serial numbers in RG 23D are restarted from Serial No. 1 for the new financial year for new entries, while closing stock entries retain their original register and entry numbers and are carried forward as opening balances. For dealer invoices referencing carried-forward stock, the original page and entry numbers are used; new invoices and new credit entries in the new year use the restarted serial numbering.