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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 all purchase from registered dealer
Replies (8)
If you have tax paid stock then claim ITC of stock and pay tax on sale
If you have tax paid stock then claim ITC of stock and pay tax on sale
can composition take itc???
@ sunil
Composition not avail ITC
composite dealer have to pay tax on stock ?
yes pay gst
but already this stock is vat paid
If you have tax paid stock then claim ITC of stock and pay GST on sale
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