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stock as on 30.6.17 in case composition scheme
If i opt for composition scheme and i have duty paid stock of Rs 5 lakh as on 30.06.17. but no input credit is left as on 30.06.17. will have to pay any duty for stock as 30.06.17 of Rs 5 lkh
Replies (2)
If the goods in stock were purchased from other states, you are not eligible for composition scheme. If local registered dealers' purchase, no need to pay any duty now. To pay GST while making outward supply within the state.
but about section 18(4) of GST
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