My client has been has stock of around 3.2 cr showing in balance sheet due to sale without tax invoice and purchase with tax invoice but in reality there is no stock..
how can we clear such stock???
3 Replies
N.V. Siva Ram Prasad
(Accounts & Audit Assistant)
(261 Points)
Replied 29 December 2021
SIR SUCH STOCK CAN BE CLEARED EITHER BY PAYMENT OF GST ON SUCH STOCK OR BY DECLARATION SIR
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 29 December 2021
Make the B2C invoices and discharge the GST.
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