watch_later 23/07/23

Jewellery business dealer gold ornaments and silver ornaments closing stock value calculation market rate or purchase cost rate or  any other rate  for it and gst  purpose?

1 Response | Latest response: 24/07/23 | Sort by Likes(thumb_up) Recent | General Reply
watch_later 24/07/23

You can use FIFO method (Actual Cost method) or Lower of cost or market value. However, the method you follow should consistent and should be disclosed in report/ITR/3CD.


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