Existing stock sale with adding gst or nt
This query is : Open
Querist : Anonymous
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.
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.
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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