19 August 2017
my closing stock is 1039237 as on 31/3/17.i made purchase of 5023146 during the quarter ie 1/4/17 to 30/6/17. before gst I fall under 6% vat but now in 12% category. I want to show near to nil stock before gst. what should be sales tax...
19 August 2017
What do you mean by "want to show"; if you have made the sales by 30th June 2017 the stock will automatically be reduced to that extent. You must also show the sales in VAT returns.
CAclubindia
