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DEAD STOCK

This query is : Resolved 

during course of we have accumulated stock for more then 5 years. now we have cleared all dead stock and sold some as scrap . how to treat this dead stock treatment in books of account under gst.


Write it off in the books of accounts or value the closing stock exclusive of dead stock. Reverse GST on dead stock.

how to pass entry in account book

No need for passing any entry. Value the closing stock exclusive of this.

any effect on gst return & gst calculation

No effect reverse ITC claimed on the dead stock. Also correct GST stock register.

WE HAVE THREE GST REGISTRATION IN THREE STATE SAME PAN NUMBER. I HAVE ALSO CANCELLED ONE GST REGISTRATION FY 2019-20 . BUT THIS GST REG STOCK BECOME DEAD STOCK . HOW TO HANDLE IN FY 2020-21

Reverse ITC and pay GST in final GSTR 10.

already done final return .any other solutions

Pay ITC back through DRC 03.

thank you so much sir

Reverse ITC Payable on Total Dead Stock amount or minimum amount

Total dead stock. Check it's VAT stock, you availed ITC in July 2017(as stock is 5 years old).

its VAT stock . No GST stock 5 year old stock

No I have not taken ITC in July 2017(as stock is 5 years old).

. No reversal and GST payment required in such a case.

direct remove dead stock from all closing stock or any entry pass

Directly remove dead stock make entry in stock register.

Will any clarification have to be given to the gst dept?

Will any clarification have to be given to the gst dept?


No need unless asked for it.

I HAVE NOT RETURN GSTR 3B LAST 2 YEAR . IN 2019-20 DEPARTMENT HAS BEEN CANCELLED OUR REGISTRATION IN MAY 2020. HOW TO REVOKE MY REGISTRATION .




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