opting for Composition scheme
This query is : Resolved
V Vinodkumar
(Querist)
09 August 2017
i am having all the closing stock purchased from URDs as on 30/06/2017. Weather i am eligible to opt for Composition scheme under GST w.e.f. 01/07/2017
Amol S Joglekar
(Expert)
09 August 2017
yes, yo can go for composition scheme
V Vinodkumar
(Querist)
09 August 2017
Thank you sir weather i will have to pay tax for the closing stock held as on 30/06/2017 either under Vat scheme or under GST
Amol S Joglekar
(Expert)
09 August 2017
VAT....no tax to be paid on stock.
GST...yes you will be required to pay GST on the same.
GST...yes you will be required to pay GST on the same.
V Vinodkumar
(Querist)
09 August 2017
Thanks sir
Amol S Joglekar
(Expert)
09 August 2017
you are most welcome.....
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