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TaxTMI 
Form 16 under DVAT - how to calculate vat on closing stock
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....orm 16 under DVAT - how to calculate vat on closing stock<br> Query (Issue) Started By: - d.v. gupta Dated:- 17-4-2010 Last Reply Date:- 25-4-2010 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Dear ....
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....all, form 16 has been changed under dvat act. is it notified. we have to file the old or new form 16 for qtr ending 31-03-2010. how we have to caculate vat on closing stock as we are not maintaing sto....
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....ck register quantity wise. Reply By DEV KUMAR KOTHARI: The Reply: Partly replied: Stock register should be maintained to avoid complexities and to strengthen authencity of books of accounts, returns,....
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.... final account etc. However, when it is not possible ( for all items including very petty and low value but numerous items) or when a dealer do not maintain stock register, at least he must have a phy....
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....sical count of stock for each item at year end so that inventory can be valued properly. Applying ABC method of control at least day to day stock register of A catagory items should be maintained for ....
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....always beter control<br> Discussion Forum - Knowledge Sharing ....