Gst effect on closing stock
CA. Jinendra Sethia (practice) (209 Points)
24 September 2016CA. Jinendra Sethia (practice) (209 Points)
24 September 2016
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 29 September 2016
If a trader is under registration earlier then he would have availed the credit which can be carried forward into GST.
If he has not regitered then on his stosk the VAT paid will be allowed subject to evidence of payment of tax.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)