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Impact of GST on Closing Stock of Footwear on 31st December 2021

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(Querist)
03 December 2021 Respected Sir,

I want to ask that the rate of GST on Footwear has been increased form 5% to 12% from 01st January 2022. So what will be the impact of GST on the closing stock of footwear on 31st December 2021?
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
03 December 2021 There will not be any impact on stock, as the same is calculated excluding input GST.

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