06 July 2017
our client was registered in UPVAT but now he have migrated in GST and also i want to go in Composition Scheme but problem in closing stock because his remaining trade closing stock as on 30.06.2017 near about 15 lacs so tell me how to sale closing stock....??? in new scheme in composition rate as per law 1% for trader or any option ???
second point is this before his trade business was Input/Output based under UP vat Act.
Last financial year 2016-17 his turn over was small so can he apply in Compounding scheme in GST Law or scheme will be applicable to next financial 2018-19
CAclubindia
