Is unsold stock of inventory taxable under gst?
This query is : Resolved
11 June 2018
Is unsold stock of goods held with dealer for the sale to distributors is taxable under gst even though they were held as stock in hand? If so, kindly guide me the procedure for such treatment?
11 June 2018
Supply from Manufacturing unit to dealer is a primary sale on which GST apply. Stock held by such dealer is not liable to GST, since there is no supply.
12 June 2018
thank you sir for your quick reply
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