Demand for balance sheet reconcillation
This query is : Resolved
16 April 2016
What is balance sheet reconcillation? And how it wil be prepared.
Message likes :
1 times
17 April 2016
The Service Tax Department has to reconcile the turnover declared in ST - 3 Returns with various other documents submitted by the Assessee. The Audited Accounts are filed with the Registrar of Companies. The Turnover is declared in VAT and Income Tax Returns also. Then there is the TDS details reflected in 26 - AS form.
It is found that the figures in each of these documents is different. Balance Sheet reconciliation aims at reconciling the figures shown in ST - 3 Returns with the figure shown in the audited accounts. The procedure for reconciliation is simple + / - as per normal noms.
It is found that the figures in each of these documents is different. Balance Sheet reconciliation aims at reconciling the figures shown in ST - 3 Returns with the figure shown in the audited accounts. The procedure for reconciliation is simple + / - as per normal noms.
Message likes :
2 times
18 April 2016
Thanks sir but is there any format for b/s reconciliation .
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
