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GST impact on existing Stock

31 May 2017

if we have 100 Cr. Stock till 30th june, then what impact on this after GST implementation. whether we can take benefit of Vat input or any specific period defined to get the
benefit . is there any solution to get all input without any loss?

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1 Replies

Lekhu Nyoliwala (92 Points)
Replied 01 June 2017

VAT input will be taken in your VAT Return which will be last filed for the period ending a day prior to the appointed date. There will be not loss of credit at all in case you file your VAT returns.