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as regards stock of trading company

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(Querist)
26 September 2009 There is stock of battery o/s. in trading co. since long period which is neither salable nor of any use. I want to remove that stock from books of accounts, what treatment should be given in books of accounts ?

will there be any implication of vat or tcs ?
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VINEESH KHANNA

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VINEESH KHANNA (Expert)
26 September 2009 Either create provision for non-moving stock or directly write off from the books.

No implication of VAT or TCS.....

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