opening stock

242 views 6 replies

65 Points Joined June 2016

client has june stock without any taxes but sold. with gst...then where is to show opening stock. and whether opening stock is liable to RCM

Replies (6)

jr accountant

708 Points Joined April 2012

yes if taxable in gst regime

65 Points Joined June 2016

for june purchases also Liable gst?

jr accountant

708 Points Joined April 2012

if you will sale in july month then gst liable
if taxable in gst regime

65 Points Joined June 2016

yes output gst agreed.. but RCM not aplicable to june purchases right?

Tax Consultant

159 Points Joined February 2013

if june stock payment was also done till 30th june then rcm isn't applicable

65 Points Joined June 2016

thanku

Your are not logged in . Please login to post replies

Click here to Login / Register