plz any one suggest about tax credit taken on Stock held on 30th June before roll out gst
e.g.. tax paid on purchase in month of June 13.5% but unsold in month of July
will that liable to pay tax 28 or 18% after roll out of get?
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input tax credit
Replies (1)
No you will be liable to pay gst on supply or advance receipt for the goods which ever is early. In simple words if your stock umsold in the month of july then you are not liable to pay gst.
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