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componding dealer under kvat
i ' a compounding dealer uder kvat & tax paid on size of machinery.No tax collected on KVAT sales.Now i have stock as on 31.06.17(Rock,Rock sand & Crushed stone) Need to pay tax for the stock under GST Regime???
Replies (2)
yes pay tax under compounding dealer on 30.06 2017 tax rate 1% sale amount
I'm already migrated to GST. what about my stock as on 30.06.17 no tax element included in my stock. Is it necessary to pay tax on my stock as on 30.06.17 from my pocket & later should take credit for the same????
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