https://www.taxtmi.com/forum/issue?id=106692 Query concerns valuation of closing stock where excise duty and VAT/CST paid on inputs and finished goods are added to stock value while corresponding CENVAT/VAT credit balances are separately shown under current assets, producing apparent duplication on the assets side; the issue is how duties and recoverable tax credits should be presented to avoid double counting. en-us Wed, 09 Apr 2014 14:13:01 +0530 Thu, 23 Jan 2025 15:57:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106692 Query concerns valuation of closing stock where excise duty and VAT/CST paid on inputs and finished goods are added to stock value while corresponding CENVAT/VAT credit balances are separately shown under current assets, producing apparent duplication on the assets side; the issue is how duties and recoverable tax credits should be presented to avoid double counting. Discussion-Forum Income Tax Wed, 09 Apr 2014 14:13:01 +0530 https://www.taxtmi.com/forum/issue?id=106692