ITC on closing stock will it be part of closing stock?
what will actual treatment at the end of the year of closing stock...is it includes GST on purchasing or exclude?
2 Replies
Yash Lahoti
(101 Points)
Replied 02 January 2019
Valie of Closing Stock shall not include the amount of GST or cess.
pritesh
(CA Final student)
(7101 Points)
Replied 02 January 2019
Closing stock will not include duties and taxes.
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