Dear friends,
While uploading closing stock in Tally, whether it should be inclusive of tax or exclusive of tax? Kindly reply. urgent.
CA BINIT SHAH
(ERP Consultant & Tax Consultant)
(411 Points)
Replied 31 May 2013
According to what we practice we show it excluding tax
Raman Sharma
(@ Accountant)
(125 Points)
Replied 31 May 2013
I thing if credit on tax is available then it must be exclusive neither it should be inclusive..