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Gst on stock lying exempted in vat

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Querist : Anonymous

Querist : Anonymous (Querist)

30 June 2017 Hello Experts.
we have stock lying of approx. 15 Lacs which is exempt as per our state govt. and now GST is 3% on this goods. pls clarify the following point..1) do we need to report the exempted stock in Form TRAN 2,

also clarify whether will i have to charge 3% GST on sale of this stock.

Thanks
Mohan singh

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 June 2017 1) No need to report the exempted stock in Form TRAN 2.
2) You have to charge 3% GST on sale of this stock.

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