Under closing stock liabilities f.y.2017-18
This query is : Resolved
13 April 2018
Dear Sir,
It is inform to you that please give me solution f.y.2017-18 closing stock GST Liabilities treatment into Balance Sheet.
i.e GST Liabilities on Closing Stock Cost Value. Please.....
With Regards
Santosh Sales Pvt.Ltd.
Sujit Sasmal
(Accountant)
It is inform to you that please give me solution f.y.2017-18 closing stock GST Liabilities treatment into Balance Sheet.
i.e GST Liabilities on Closing Stock Cost Value. Please.....
With Regards
Santosh Sales Pvt.Ltd.
Sujit Sasmal
(Accountant)
Guest
Guest
(Expert)
14 April 2018
Taxable event in GST is supply, unlike production as was present in Excise law. So, no liability is recognised for GST on closing stock, because the supply hasn't been made as on the date of balance sheet.
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