input on existing stock
Query (Issue) Started By: – Ramprasad Jangir Dated:- 23-12-2017 Last Reply Date:- 24-12-2017 Goods and Services Tax – GST
Got 6 Replies
GST
what input 40%\/60% is given by gst on 30.6.17 stock ,on value of stock as on 30.6.17 or output gst from sales of existing stock
\nReply By KASTURI SETHI:
\nThe Reply:
\nIf you have not invoices but have stock, Govt. will not allow full credit. Records will be examined before allowing ITC finally. This 40\/60 % both are povisio<\/p>\n
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