Gst on closing stock 31.03.2017
This query is : Resolved
DEEPAK ROHERA
(Querist)
22 September 2016
Dear Experts
I have a query about closing stock of 31.03.2017 on which we had paid 4% vat and after GST implementation shall we paid difference of tax or not.
I have a query about closing stock of 31.03.2017 on which we had paid 4% vat and after GST implementation shall we paid difference of tax or not.
CA Suresh Jain
(Expert)
06 December 2016
You shall be entitled for credit of Input Tax as may be declared by the Govt. and shall have to pay the out put GST as per the applicable rate
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