Existing stock sale with adding gst or nt


This query is : Open 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 July 2017 please advice i have existing stock of Rs 10 lakhs, can i sale that goods after july 1st with gst or with out gst under normal scheme.

23 July 2017 With GST only.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 July 2017 how i can claim input tax credit on that goods. and mam please refer the relevant sec or rule which guide the that goods which are existing before appointed day can with sale by adding gst .

23 July 2017 You can avail ITC on stock as per rules. Also credit available in your VAT Return is also transferred to GST.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 July 2017 mam please refer the relevant sec or rule which guides that goods which are existing before appointed day can with sale by adding gst .

23 July 2017 No section available but it is given that from 01 July you have to charge GST.

23 July 2017 please read transitional provisions.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details