Liability of gst on opening stock
This query is : Resolved
02 August 2017
We are a GST registerd firm through migration from vat.We were a composite dealer in VAT and opted the same in GST regime.Opening stock has vat exempted goods. What will be tax liabilty on this tax exempted stock.
02 August 2017
If GST is applicable on such goods then you have to pay GST under RCM.
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