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opting for Composition scheme

This query is : Resolved 
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(Querist)
09 August 2017 i am having all the closing stock purchased from URDs as on 30/06/2017. Weather i am eligible to opt for Composition scheme under GST w.e.f. 01/07/2017
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Amol S Joglekar

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Amol S Joglekar (Expert)
09 August 2017 yes, yo can go for composition scheme
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V Vinodkumar

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V Vinodkumar (Querist)
09 August 2017 Thank you sir weather i will have to pay tax for the closing stock held as on 30/06/2017 either under Vat scheme or under GST
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Amol S Joglekar

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Amol S Joglekar (Expert)
09 August 2017 VAT....no tax to be paid on stock.
GST...yes you will be required to pay GST on the same.
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V Vinodkumar

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V Vinodkumar (Querist)
09 August 2017 Thanks sir
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Amol S Joglekar

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Amol S Joglekar (Expert)
09 August 2017 you are most welcome.....

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