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 Post subject: Trading Business in India - NAV 2009 SP1
PostPosted: Thu Aug 02, 2012 10:47 am 
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Joined: Thu Oct 13, 2011 7:11 am
Posts: 2
Country: India (in)
Hello,

Can anyone assit me in handling of CENVAT & CVD in case of trading business.

As per MS manually, while purchasing, the value is storing in cenvat cr. receivables (trading). and while selling same amount is storing in Cenvat Transfered(Trading) as pass on

How those two accounts needs to consider (either ' Balance sheet' or 'Income statement ')

Same away how CVD to treat if we import those goods from other country for trading business.

Thanks in advance.

Satya


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 Post subject: Re: Trading Business in India - NAV 2009 SP1
PostPosted: Sun Aug 05, 2012 5:47 pm 
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Joined: Mon Oct 06, 2008 2:05 pm
Posts: 267
Country: India (in)
How can an tax account be considered in Profit & Loss Account.

I think you must first consult a tax consultant.

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Regards,
Manish


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