Inventory
This query is : Resolved
21 August 2013
what entry to be passed for goods used for office purpose and not sold
21 August 2013
treat as expenses
21 August 2013
if i enter so, would it effect inventory? i want inventory to be effected
21 August 2013
yes
21 August 2013
will you please guide me regarding entris? so thst i can takeup the right path
21 August 2013
plz provide the details
21 August 2013
i have got 3 boxes vch were used for experiments at office and not been sold..
21 August 2013
If it was used for research then
Reserach and dev exp a/c
To Stock( from Inventory held for sale if they were RM or FG etc.)
Reserach and dev exp a/c
To Stock( from Inventory held for sale if they were RM or FG etc.)
21 August 2013
agree with mr. tushar
22 August 2013
agree with Tushar
22 August 2013
Inventory used for the purpose of Self consumption required to be Capitalized/Treat as R&D Expenses.
Please note Further if Cenvat & VAT credit has been already taken on these inventories, Then it required be reversed
Please note Further if Cenvat & VAT credit has been already taken on these inventories, Then it required be reversed
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- 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
Trending Online Classes
CAclubindia
