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16 mins read

Stock Audit for Working Capital Borrowers: What Banks Verify and How to Prepare

A pharma distributor in Mumbai with a Rs 6 crore CC limit received a stock audit notice from his bank in February 2026. The bank-appointed C...

CA Sundaram Gupta

Apr 7, 2026

11 mins read

Bank Stock Audit in India: RBI Guidelines, Who Needs It and When It Is Mandatory

A textile manufacturer in Surat with a Rs 8 crore CC limit had been submitting monthly stock statements showing stock valued at Rs 12 crore....

CA Sundaram Gupta

Apr 7, 2026

13 mins read

Stock Audit in India 2026: Complete Guide for Businesses and Borrowers

A manufacturing unit in Chakan, Pune discovered Rs 18 lakh of unrecorded scrap during a stock audit commissioned by their banker. The scrap...

CA Sundaram Gupta

Apr 7, 2026

14 mins read

EPF Withdrawal and Transfer: UAN Activation, Form 19, Form 10C Guide for Employees

An employee who resigned from a 4-year job in November 2025 tried to withdraw his PF balance of Rs 3.8 lakh online. The claim was rejected t...

CA Sundaram Gupta

Apr 7, 2026

12 mins read

Payslip Under Labour Code 2025: What Must Be Shown and How to Issue Digitally

An employee at a 50-person services company in Hyderabad discovered that his payslip showed a single line item - "Salary: Rs 45,000" - with...

CA Sundaram Gupta

Apr 7, 2026

11 mins read

10 Common Payroll Mistakes Indian Employers Make and How to Avoid Them

A Ministry of Labour & Employment report found that 67% of labour violations at registered Indian establishments involve incorrect wage...

CA Sundaram Gupta

Apr 7, 2026

12 mins read

ABC Analysis in Stock Audit: How to Focus on High-Value Inventory First

A stock auditor at an auto-component manufacturer in Chakan, Pune was given 2 days to verify inventory worth Rs 8 crore across 1,200 SKUs. W...

CA Sundaram Gupta

Apr 7, 2026

14 mins read

Stock Audit Sampling Methods: How Auditors Select Items Without Counting Everything

A borrower in Chakan questioned the stock auditor: "You only counted 180 items out of 2,400 SKUs in our warehouse. How can you say the stock...

CA Sundaram Gupta

Apr 7, 2026

14 mins read

Slow-Moving, Dead and Obsolete Stock: Accounting Treatment and Write-Off Rules in India

A pharma company in MIDC Bhosari, Pune discovered 42 batches of raw material past their expiry date during a stock audit - still carried on...

CA Sundaram Gupta

Apr 7, 2026

14 mins read

GST Stock Reconciliation: How to Match Physical Inventory with GSTR-1 and GSTR-3B

A GST departmental audit at a building materials trader in Ahmedabad found physical stock worth Rs 28 lakh more than what the stock register...

CA Sundaram Gupta

Apr 7, 2026

15 mins read

Ind AS 2 vs ICDS-II: How Inventory Must Be Valued for Financial Reporting and Tax

A manufacturing company in Pune reported closing stock of Rs 4.2 crore in its audited financial statements (valued under Ind AS 2). When the...

CA Sundaram Gupta

Apr 7, 2026

16 mins read

CARO 2020 and Inventory: What Statutory Auditors Must Verify and Report

A statutory auditor of a mid-size auto component manufacturer in Pune faced a reporting dilemma during the FY 2025-26 audit. The company had...

CA Sundaram Gupta

Apr 7, 2026

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