how to show nil stock
This query is : Resolved
akash gupta
(Querist)
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
(Expert)
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
(Querist)
19 August 2017
what will be sales tax that I would pay .my margin is 5%
CA Suresh Jain
(Expert)
19 August 2017
Could not understand your question Akashji
28 July 2024
https://docs.google.com/document/d/1UZlcGEizinSQ34gogH9_FbdsuvxTOkMv559Ez5-U2jo/edit?usp=sharing
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