Trading Business in India - NAV 2009 SP1

vadaga
vadaga Member Posts: 4
edited 2012-08-05 in Navision Financials
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

Comments

  • manisharma31
    manisharma31 Member Posts: 285
    How can an tax account be considered in Profit & Loss Account.

    I think you must first consult a tax consultant.
    Regards,
    Manish

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