how to brought forward old stock
Query (Issue) Started By: – chandan arora Dated:- 20-7-2017 Last Reply Date:- 21-7-2017 Goods and Services Tax – GST
Got 4 Replies
GST
hello
\n sir, i am a retailer of paint and hardware and plywood goods, however on the date 30\/6\/17 i have stock of the value 30 lacs, and i am a tin number holder. i used to file vat returns, and all of my purchases was from ltd compnies ( asian paints, nippon paints) , or from the distibuters who are registerd under vat system. as now G.S.T arrived so according to my sale of last finacial year was 56 lacs, so i chosse composition scheme of G.S.T , as i read that now i only need to pay 1 % on my entire sale of this year. that is all clear.
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