We have a registered dealer under APVAT Act. Our company is
manufacturing & marketing of seeds. seeds exempted under
vat. recently we have purchased machinery for our new plant
construction, against c form. now sales tax dept.not giving
the c forms, because our final product is exempted, we are
not eligible for c forms. kindly clarify.
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I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?
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