Export Sales or Stock
This query is : Resolved
03 April 2010
One of my client is engaged in exports. He has sent one shipment of Rs.480000 on 19-03-2010. But due to strike by British Airways his goods are lying at the warehouse of his cargo agent. He has not got the custom bill. During all this the financial year has changed from 2009-10 to 2010-11.
Kindly tell whether it shall be considered as export sales or stock.
Thanks & Regards
Saurabh Aggarwal
Kindly tell whether it shall be considered as export sales or stock.
Thanks & Regards
Saurabh Aggarwal
03 April 2010
stock n transit accordng to me
04 April 2010
But the goods has not been sent to a branch and it has been sent to a client. Should I disclose it as export sales in VAT returns or as closing stock
05 April 2010
dear saurabh,
accordng to my logic once good are moved from your premises then it should be considered as a sales.
u also shown in vat returns.
bt important thng s dat ki u should put d 1 note in notes to accts regard dis type of transaction.
further u hv any doubt den tel dear.
might be nw u r clear abt dis.
accordng to my logic once good are moved from your premises then it should be considered as a sales.
u also shown in vat returns.
bt important thng s dat ki u should put d 1 note in notes to accts regard dis type of transaction.
further u hv any doubt den tel dear.
might be nw u r clear abt dis.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
