Closing stock valuation for gst rollout
durgaprasad (accounts executive) (225 Points)
22 May 2017durgaprasad (accounts executive) (225 Points)
22 May 2017
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 22 May 2017
HIREN
(Chartered Accountant)
(320 Points)
Replied 22 May 2017
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 22 May 2017
HIREN
(Chartered Accountant)
(320 Points)
Replied 22 May 2017
durgaprasad
(accounts executive)
(225 Points)
Replied 23 May 2017
Thank you for prompt response of all,
I have document of invoices which were paid excise duty, can we calculated the excisable invoices upto 31/3/17 or 30/6/17 for getting the input of excise duty and also we have huge unsold stock of vat tax paid invoices, but there is no Net credit balance of input, Can we claim that invoices for excise duties. That invoices not contain of excise duty only on vat tax, but the supplier has paid the excise duty on the particular product in that invoice and what are the conditions fulfilment for getting of input tax
Akash Jain
(2 Points)
Replied 10 June 2017
hi i have following query
i am a manufacture (ssi ) i am not registered under excise but registered under vat. my goods were exmepted from both excise and vat under the old regime but now their would be 12 % tax(under gst) on goods i manufacture. My main ingredient is iron and steel on which i was paying both excise and vat (though i dont have bills of excise duty as i used to purchase from dealers ).
i want to know how will i get input tax credit on closing stock on 30.6.17. how much i can claim and what would be the procedure.
please guide me.
HIREN
(Chartered Accountant)
(320 Points)
Replied 10 June 2017
Jeelan Parvez
(2 Points)
Replied 12 June 2017
Mukesh Jha
(2 Points)
Replied 14 June 2017
Hi Neha,
Can you suggest me that what will be the impact on filing the VAT & CST return for the month of June when the GST will be implemented
Mukesh
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 14 June 2017
Ravi
(2 Points)
Replied 21 June 2017
i am a trader of textile cloth which was exemt under current vat prov....but under GST it will be taxable @ 5%....my question is what will be the tax implication on my closing stock as on 30th june2017
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 21 June 2017
HIREN
(Chartered Accountant)
(320 Points)
Replied 22 June 2017
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 22 June 2017
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