Nitin Kumar Sharma (RETAILER) (33 Points)
20 June 2017I AM A RETAILER OF SAREES & LEDIES SUITS & SALWAR (SEMI STICHED). FABRIC IS EXEMPTED UNDER DVAT SO I WANT TO KNOW FEW QUESTIONS:
1. HOW WILL I SUBMIT CLOSING STOCK DETAIL FOR INPUT TAX CREDIT, AS THEY ARE NOT TAXABLE EARLIER AND I DON'T HAVE INPUT CREDIT?
2. SEMI STICHED ITEMS COMES UNDER FABRIC OR APPREALS?
3. IS BILL WISE CLOSING STOCK DETAIL MUST REQUIRED FOR GST OR JUST FOR INPUT CREDIT? MEANS I DON'T HAVE ITC THEN I DON'T NEED TO PROVIED BILL WISE STOCK DETAIL.
REGARDS
NITIN KUMAR SHARMA
Sunil Dhiwa
(Tax Consultant)
(170 Points)
Replied 20 June 2017
Lalit Nagpal
(Assistant Manager)
(541 Points)
Replied 20 June 2017
Case 1 At the time of purchase it was not taxable so no tax paid by you. No ITC, no need to give any detail
Case 2 Apparel
Case 3 No need to give bill wise detail of closing stock
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
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