Sale of closing stock held on 30.06.17
This query is : Open
11 August 2017
Dear sir,
we have closing stock as on 30.06.17 of amt 1000000/- if we further sale items of closing stock , what tax would be charged vat or gst .
1- govt. has given 3 month to clear this closing stock- what is this mean, if we have to sale on gst tax rate,we can sale whole the year.
2- if we sale this items on gst tax rate it is more costly than customer deny to purchase becouse next shopkeeper is ready to sale this on old prise, can i left this customer.
3- if we have to pay excess tax after june , why i show sale this material before july. ( we are a consumer seller,we have not full name and address of all customers)
we have closing stock as on 30.06.17 of amt 1000000/- if we further sale items of closing stock , what tax would be charged vat or gst .
1- govt. has given 3 month to clear this closing stock- what is this mean, if we have to sale on gst tax rate,we can sale whole the year.
2- if we sale this items on gst tax rate it is more costly than customer deny to purchase becouse next shopkeeper is ready to sale this on old prise, can i left this customer.
3- if we have to pay excess tax after june , why i show sale this material before july. ( we are a consumer seller,we have not full name and address of all customers)
12 August 2017
have you paid vat or excise duty on purchase of such stock?
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- 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
Trending Online Classes
CAclubindia
