TaxTMI 
TaxTMI 
valuation of closing Stock
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....aluation of closing Stock<br> Query (Issue) Started By: - sharvan khanna Dated:- 9-4-2014 Last Reply Date:- 31-12-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>As per the IT Act we are adding the ex....
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....cise duty and vat duty paid for bringing the raw-materials within our factory and on the goods manufactured from the Inputs. As such the Clsoing Stock Value goes to include the value of the goods+exci....
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....se duty+vat/cst. Then we are showing the balancing figures of CENVAT in our Current Assets sides. As such, there is the double implication in the Assets side once we adding the C.E. + Vat on the Raw....
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....materials + Finished Goods and once again the we are showing the balancing figures of the C.E. and Vat under the Current Assets side. So Please suggest what and how we should prepare the Balance Sheet....
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.... so that there is no double implication of the same. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the above issue? If not please inform.<br> Discussion Forum - Knowl....
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....edge Sharing ....