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tax on stock
i was regular dealer under mvat and all my purchases are local. i have stock in my books on 30.6.17. now I am under composite scheme will i have to pay tax on my stock
Replies (1)
If all purchases were from local registered dealers, no need to pay any tax on stock.
You will pay GST while making outward supply only.
You will pay GST while making outward supply only.
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