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Existing stock sale with adding gst or nt

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2017 Dear Sir / Madam,

one of my client has nearly Rs 14 lakhs of stock which he is purchased by paying CST 2 % , now what is the treatment of that goods, is he eligible for composition if his previous year turnover is less Rs 50 lakhs.

please guide i can opt for composition sche or not , if yes what is the treatment to be followed for existing stock.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
23 July 2017 No as in stock there is goods purchased from outside State. As per Rule 3(b) you can't opt .
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