Sir i am composite dealer have to paid tax earlier stock.
I have register as composite dealer an work as clothes shop ,i have heard that i have to pay tax on earlier stock before filing composition scheme.but on my earlier stock i have no bill ,so how can i pay tax on earlier stock.
Is this applicable under Normal scheme also.
As u said details of stock i have to give, means how much quantity of shirt & pant i have in stock is this or what?
i have seen the format here asked to give details of stock on date of opting composition .
But one problem here asked to give the name of unregister dealer and invoice details which i donnot have any what to do.Plz advice
Thank you if at the tim of submitting if i face problem plz help at that time.
one last question again arises on which rate tax has to be paid on closing stock 1% or 5% for composition scheme.
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