we will only upload the exciable stock on Gst portal 12 month old only? it means the stock we are having more than 12 month cannot be sold??
please provide the format of closing stock. and explain the treatment of the same
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Closing stock
Replies (2)
Under GST you can not claim ITC on stock purchased >12 months ago. But it doesnt mean you can not sale it you can sale but can not claim ITC.
1.when i need to upload da data on gst portal??
2.ok, i underatand that itc is not avaiable on goods more than 12 months old but do i also need to upload the stock data greater than 12 month??
2.ok, i underatand that itc is not avaiable on goods more than 12 months old but do i also need to upload the stock data greater than 12 month??
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