Composition scheme_ Tax on stock in hand as on 30th June 2017

Manmohan Mundhra (10 Points)

23 October 2017  
Hi, I'm a composition dealer, trading in saaree. As VAT was not applicable earlier on the same therefore I was not registered under any act. Now I'm registered under composition scheme. can you please tell me do I need to pay tax on stock in hand as on 30th June 2017.
Please quote the section no. too.

Thanks.