Easy Office
LCI Learning

Old stock purchased from unregistered dealer

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 July 2017 Dear friends,
I have client dealing in manufacturing ready-made garments.As on 30.06.2017 he has about 50 lakh of stock which was purchased from unregistered dealers. He has taken Normal GST. He is now unable to sale the old stock to other states these days now.
Pl advice what to do with this stock.
Profile Image

Arun Kumar Singh

Profile Image

Arun Kumar Singh (Expert)
25 July 2017 Now you need to pay 5% gst if transaction value is less than Rs. 1000 per unit and more than Rs. 1000 the rate of gst will be 12%.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links