how to show nil stock

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akash gupta (Querist)
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19 August 2017 my closing stock is 1039237 as on 31/3/17.i made purchase of 5023146 during the quarter ie 1/4/17 to 30/6/17. before gst I fall under 6% vat but now in 12% category. I want to show near to nil stock before gst. what should be sales tax...

CA Suresh Jain

CA Suresh Jain (Expert)
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19 August 2017 What do you mean by "want to show"; if you have made the sales by 30th June 2017 the stock will automatically be reduced to that extent. You must also show the sales in VAT returns.

akash gupta

akash gupta (Querist)
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19 August 2017 what will be sales tax that I would pay .my margin is 5%

CA Suresh Jain

CA Suresh Jain (Expert)
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19 August 2017 Could not understand your question Akashji

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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28 July 2024 https://docs.google.com/document/d/1UZlcGEizinSQ34gogH9_FbdsuvxTOkMv559Ez5-U2jo/edit?usp=sharing

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