TRANSITIONAL RULES
Ankush Jain (23 Points)
06 June 2017
How will a trader will claim ITC/CENVAT on stock held on the appointed date of GST??
Ankush Jain (23 Points)
06 June 2017
Shubham Gupta
(Business Consultants)
(2077 Points)
Replied 06 June 2017
sir,
VAT on closing stock will become opening Tax credit as SGST
And 60% of the Central component i.e 14% on the stock in hand as on 30 june will be available as CGST, stock in hand will be required to be sold in 6 months and each month stock details will be required to be filed so that 60% exemption can be available
(Assumed GST rate on Closing stock as 28%)
Ankush Jain
(23 Points)
Replied 06 June 2017
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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