A dealer pays excise, freight, insurance, CST apart from the cost of the vehicles on lifting cars from the company. What will be the cost of sales for calculating the Gross Profit.
1 Replies
sahil gupta
(Professional)
(93 Points)
Replied 15 February 2015
the dealer is most probably a first stage or second stage dealer for excise purposes.
excise duty is included in the value of stock.
freight and insurance will be includible as they are part of the cost to bring inventory to current place AS2.
cst would not form part of trading account
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
