whether the decleration of Stock held is nesessary when a Person voluntaily get GST Registration?
it is mandatory or not
2 Replies
NIVRUTTI SHINDE
(18 Points)
Replied 01 August 2020
It's not mandatory and needed to dealer to declare the opening stock of GST at the time of registration.
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 01 August 2020
The declaration of stock held as on the date of registration is not mandatory. However, the same should be filed to avail the credit of tax paid on such procurements. Where the registered person do not wish to take credit of tax paid on such goods, then it is not required to furnish the stock details.
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