tax on closing stock
subham agarwal (Article) (29 Points)
04 June 2017subham agarwal (Article) (29 Points)
04 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175673 Points)
Replied 04 June 2017
No.
You will be charging GST @ 5%, without any input credit for deduction!!
subham agarwal
(Article)
(29 Points)
Replied 04 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175673 Points)
Replied 04 June 2017
Actually, you are supposed to collect it from your customer and pay to Government!!!
That is one of the main principle of GST, though initially it would be difficult to adopt........
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India