Sir, I sak one question
I am a tax payers and I registered our business in GST with composit scheme but I cannot understand. my old stock is non taxable but under GST has been taxable how to sale in GST Act
if I sale under Composite scheme then I pay total turnover 1% but my old stock is non taxable how to take old stock in Gst.
Please help me.
4 Replies
Srinivasan Chokkanathan
(199 Points)
Replied 08 August 2017
If you deal in taxable goods as a trader in GST, under composition scheme you have to pay 1% tax on entire turnover. Previously they were exempted - no impact now.
Deepak Kumar Tanti
(Accountant)
(53 Points)
Replied 08 August 2017
can I sale old non taxable goods in 1%
Deepak Kumar Tanti
(Accountant)
(53 Points)
Replied 08 August 2017
can I sale old non taxable goods in 1% in Composite scheme
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