ACCOUNTING TEATMENT FOR DETACTION OF STOCK VARIANCE BY GST DEPARTMENT

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ACCOUNTING TEATMENT FOR DETACTION OF STOCK VARIANCE BY GST DEPARTMENT

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....CCOUNTING TEATMENT FOR DETACTION OF STOCK VARIANCE BY GST DEPARTMENT Query (Issue) Started By: - CABIJENDERKUMAR BANSAL Dated:- 2-8-2021 Last Reply Date:- 3-8-2021 Accounting - Auditing Got 1 R....

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....eply Companies Law hello, there was search and seizure by GST department for XYZ limited premises. they found physical inventory is not matched with books inventory. physical stock was less the....

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....n books inventory by ₹ 3 crore and they raised demand for GST , interest , penalty . assesses accept it and paid all dues as per demand. now query is what is accounting treatment in the books o....

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....f XYZ ltd for stock to be decrease by ₹ 3 crore. now Reply By Atul Mehrotra: The Reply: Sir, in my opinion, stock will have to be revalued by posting an entry in the general ledger. Stock r....

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....evaluation A/c Dr. To Stock of RM/ FG/ WIP This revaluation A/c will be charged to the Statement of P&L as expense. Discussion Forum - Knowledge Sharing ....

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ACCOUNTING TEATMENT FOR DETACTION OF STOCK VARIANCE BY GST DEPARTMENT