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Un registered gold purchase
full purchase from unregistered and stock is 200000/ . Dealer closing the shop. In this case the have to pay the tax of closing stock
Replies (2)
You can not close the business until clear of stock in hand.
how ever if you want to close the business, you have to rise an invoice and discharge the liability. then, you have to enclose the audited profit and loss account along with form 10 (final return).
how ever if you want to close the business, you have to rise an invoice and discharge the liability. then, you have to enclose the audited profit and loss account along with form 10 (final return).
The dealer is partnership firm he withdrawing his share as gold from stock then he entering new firm with above stock is it supply and taxable
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