Available stock after gst is levied
This query is : Resolved
yashchhabada
(Querist)
11 June 2017
What is to be done with the closing stock on 30th june at a shop because from the next day Gst comes to role and that same stock will be taxable under gst
CMA Ramesh Krishnan
(Expert)
11 June 2017
Sales from 1st July is attract the GST, Input credit on the stock available as on 30th June can be taken as credit against GST payable from 1st July subject to some procedures and conditions
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