Gst on stock lying exempted in vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 June 2017
Hello Experts.
we have stock lying of approx. 15 Lacs which is exempt as per our state govt. and now GST is 3% on this goods. pls clarify the following point..1) do we need to report the exempted stock in Form TRAN 2,
also clarify whether will i have to charge 3% GST on sale of this stock.
Thanks
Mohan singh
we have stock lying of approx. 15 Lacs which is exempt as per our state govt. and now GST is 3% on this goods. pls clarify the following point..1) do we need to report the exempted stock in Form TRAN 2,
also clarify whether will i have to charge 3% GST on sale of this stock.
Thanks
Mohan singh
30 June 2017
1) No need to report the exempted stock in Form TRAN 2.
2) You have to charge 3% GST on sale of this stock.
2) You have to charge 3% GST on sale of this stock.
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