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Inventory accounting in gst act

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14 September 2020 Inventory accounting records is compulsory for 1.5cr below turnover limit for composite dealer and regular scheme both type of Dealers in gst act.
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Lekhraj sood

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Lekhraj sood (Expert)
15 September 2020 Stock accounting records are mandatory for every registered person under section 35 and rule 56.However, certain records like opening stock,receipts etc and goods w/off etc are not required to be maintained by composition dealer.
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