Input tax credit quiry on interstate closing stock in gst
This query is : Resolved
05 June 2017
I purchased interstate goods against c form for Rs. 100000/- , i sold 50000/- goods to customer. stock lying rs.50000/ on dtd 30.06.17. current tax rate 5% but I already paid to supplier 2% at the time of purchases ( 2000/- as cst ) . as per gst tax rate is 12% . in gst i sold 50000/- goods . pla advise how much can i claim in gst on my opening stock rs. 50000/-
05 June 2017
No input tax credit on stock can be claimed on CST paid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- F&O reporting in ITR
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
