Composition

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ARCHANA (Querist)
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12 July 2017 SIR
A WHOLESELLER OF CLOTHS WHO APPLIED FOR REGISTRATION UNDER GST DT. 01.07.2017 AND OPTING COMPOSITION SCHEME SO LET ME KNOW THAT WHAT IS THE POSITION OF HIS EXISTING CLOSING STOCK WHICH IS EXEMPTED FROM TAX TILL 30.06.2017
IS HE IS LIABLE FOR TAX ON HIS CLOSING STOCK OR NOT

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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12 July 2017 No need to pay tax on closing stock. Whwn you sell such goods charge gst only.

ARCHANA

ARCHANA (Querist)
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13 July 2017 HOW COMPOSITION DEALER CHARGE GST

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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13 July 2017 Composition dealer not allowed to charge GST from customer.

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