Assistant Manager Tax Question: Where we show brought forwarded losses in the Balance Sheet? Assistant Manager Tax Interview QuestionAnswer: Brought forward loss is shown as adjustments under Capital Account and is shown Liability side of Balance Sheet. Previous QuestionNext QuestionExcisable material sold without charging excise duty, Now after 3 months, I am issuing Supplementary bill to party for Excise payment, now please tell me the interest need to pay for this and also is there need to pay interest if i have sufficient amount of cenvate credit balance in these 3 months?Can you please explain the difference between Sales Tax and VAT?
