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Vat implication

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(Querist)
12 August 2014 sir assessee has kirana shop and now he wants to close it forever.. the stock in shop like soap, toothpaste etc. is used in their owm house. so they r not going to sell it. so no need to pay vat on stock na???? pls guide me w.r.t. vat implications..
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
13 August 2014 Input vat claimed as regard to such stock should be reversed.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
13 August 2014 Input vat claimed as regard to such stock should be reversed.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
13 August 2014 In other word, you have to pay the input vat amount of such stock if you have claimed earlier.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
13 August 2014 In other word, you have to pay the input vat amount of such stock if you have claimed earlier.
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Rupesh Jain

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Rupesh Jain (Expert)
13 August 2014 if you cliam the input on purchase then he have to pay the output tax. otherwise not required.

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