Closing stock as on 30.06.2017 under composition scheme

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2017 We are composition dealer at Amritsar dealing in textile products. Our closing stock as on 30.06.2017 is rs2800000/under vat and Rs 1200000 under tax free goods.We do not have vat due or refund.My question is whether we have to pay gst on this stock and if yes up to which date.please clarify.

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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28 November 2017 You have to pay GST on the same if it is purchased from URD to be eligible for composite dealer scheme.

However there are mixed opinion on the same.