ITC on closing stock
shivam chaurasia (jhgbjh) (34 Points)
05 June 2017shivam chaurasia (jhgbjh) (34 Points)
05 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174760 Points)
Replied 05 June 2017
Whatever ITC paid on the existing stock (upto 12 months old) would be carried forward in the last VAT return filed before appointed day of implementation of GST. The same will be transferred to your GST electronic ledger, provided you have successfully migrated to GST. . So, that you will not loose any earlier ITC over stock.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)