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.
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