Existing stock sale with adding gst or nt
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2017
Dear Sir / Madam,
one of my client has nearly Rs 14 lakhs of stock which he is purchased by paying CST 2 % , now what is the treatment of that goods, is he eligible for composition if his previous year turnover is less Rs 50 lakhs.
please guide i can opt for composition sche or not , if yes what is the treatment to be followed for existing stock.
one of my client has nearly Rs 14 lakhs of stock which he is purchased by paying CST 2 % , now what is the treatment of that goods, is he eligible for composition if his previous year turnover is less Rs 50 lakhs.
please guide i can opt for composition sche or not , if yes what is the treatment to be followed for existing stock.
23 July 2017
No as in stock there is goods purchased from outside State.
As per Rule 3(b) you can't opt .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Form 26QB for TDS on property
- GST ON EXPORT COMMISSION
- Partnership Business Can start India (two partners one is Indian and OCI both are wife and Husband)
- DTCP approval
- GST rate for millets.
- Donation Receipt u/s 80G
- Inventory Imported on FOC shipment Basis (Free of Cost) from related party - Accounting / Sales
- GST Input tax credit on Warehouse Rent but do not have registration
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
