Sales Tax Instructions

8. Stock Taking
& Inventory
Management
9. Assessment
of tax
Liabilities
under Sales
Tax Laws
Sales Tax Instructions, 2009
Categorization of stocks.
Classification of goods.
Valuation of stocks.
Stock verification in godowns.
Relationship between turnover and stocks.
Principles of inventory management.
Inflow and outflow of inventory.
Dispute resolution regarding stock verification / stock
valuation.
Sales Tax structure.
Input-Output tax.
Input tax credit.
Carry forward / refunds.
Filing of monthly and quarterly returns.
Deposit of Sales Tax.
10. Survey
Techniques
Area-wise data already available in computer. (Registration
data, NTN data, Utility bill data, Property tax data).
Advance Reconnaissance.
Physical visit.
Observation of courtesy in language and behaviour.
Motivation for cooperation.
Distribution of teams in sub-groups.
Allocation of areas/work to sub-groups.
Inter-team and inter-team members consultations.
Guidance to the persons required to fill in the questionnaires.
Disposal ‗on first come-visit serve basis.
Keeping diary by each team member.
Visual assessment of facts relevant to survey objectives.
Motivation fro agreement on survey findings.
Optimum use of minimum information.
11. Crisis
Situation
Management
Assessment of crisis.
Causes of crises.
Planning strategy.
Control procedure.
Possible options for solution.
Selection of the best option.
Capability to apply the best option.
Precautions to foreclose reoccurrence.