On 30.06.2017, I had a closing stock valued at Rs. 40.00 lac. On the said stock, I had already availed Input Credit when I purchased the stock during various earlier months. I am being registered under VAT having TIN. I do not have any Input Tax Credit balance to be carried forward. All the stock consists of intra state purchases. Now, I want to know how this closing stock will be treated in GST ? As far as I understand, I will have to collect output from my customers at the GST rate when I sell the stockand deposit the same to the Govt. Please guide me .

Dear Sir,
I have one business vertical in Uttar Pradesh and another one in Gujrat. Earlier my Gujrat unit dispatched goods to U.P. unit against form F on stock transfer. Now what would be the procedure after implementation of GST, to dispatch goods from Gujrat to U.P. ?

Please clarify.

Sir. How to intimate to remove goods for job work without payment of tax under gst?

1.A person who who run a restaurant as well he has also hotel rooms can he avail the benifit of composition scheme in both business?

2. A Trader who obtain the composition scheme under GST Provision but he have lying the huge closing stocks as on 30.06.2017 then what rate will be applicable on the closing stocks is it will @ 1%?

Hi ,i want to know our turnover is 1 crore rupees . should i audit my account ?

SIR,
I recieved arrears in 2016-17
I HAVE NO TAX IN 2015-16
SO I DID NOT PREPARE EFILE IN 2015-16
SHALL I PRODUCE 10E FORM TO REDUCE INCOME TAX

Dear all, A dealer is purchasing medicines & first aid kits for his employees & workers of the factory. whether he can claim ITC of GST paid on such purchases ?

Dear all,


My querry is that how to raise invoice in case of purchase from unregistered dealer.

Can anyone have format of the same then kindly send it to me.

Should we discharge GST liability for all reverse charge having small amount of transaction or any exemption is there i.e no tax to be deposited in small transactions.

Pl specify with example

At the time of new registration by mistake I forgot to opt for composition scheme .Is there any option to rectify such an error