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Closing stock

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2017 Sir,if we have a stock of Rs. 50,00,000 on 30th June 2017, how we can carried forward it from July in GST ?
And the stock of previous years was it carried forward or not or it was carried forward of few months before 30th June,2017.
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 June 2017 the software which you are using have come up with GST compliant software.....the stock in the system gets automatically forwarded to GST.....
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