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.