Closing stock and input
This query is : Resolved
28 July 2020
Sir,
Gst registered regular scheme dealer
Purchases f.y .2019-2020 rs.50 lacs
Sales f.y.2019-2020 rs.20 lacs only.
closing stock value rs.32 lacs and input credit rs.1,50,000/- as on 31.03.2020.
Question:
1.any rule time limit to sold the stock in gst act.
2.Input credit claimed rs.1,50,000/- shown in credit ledger if any problem.
Gst registered regular scheme dealer
Purchases f.y .2019-2020 rs.50 lacs
Sales f.y.2019-2020 rs.20 lacs only.
closing stock value rs.32 lacs and input credit rs.1,50,000/- as on 31.03.2020.
Question:
1.any rule time limit to sold the stock in gst act.
2.Input credit claimed rs.1,50,000/- shown in credit ledger if any problem.
28 July 2020
No time limit to sell the stock.No issues with ITC taken.Only thing is file the returns regularly.
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