Gst Composition scheme
This query is : Open
Ekta Goyal
(Querist)
27 June 2017
If a registered vat dealer having a closing taxable stock of 13.125% as on 30-6-2017 under HVAT Act (where the mentioned stock was purchased from Haryana), wants to opt for composition scheme u/s 10 of Cgst, but he is not having any input credit carried forward as on 30-6-2017.So,in this case, how will this stock be treated ?
CA Rashmi Gandhi
(Expert)
27 June 2017
You have to pay tax on rate mentioned in GST before opting composition scheme
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