Purchases of goods value is low
This query is : Resolved
Kollipara Sundaraiah
(Querist)
24 November 2020
A gst registered composite scheme dealer details 19-20 year
Opening stock as on date:01-04-2019 Rs:10 lacs
Purchases in the year:19-20 Rs:5 lacs
Sales in the year 19-20 Rs:18 lacs
Question:
Dealer closing stock value rs: nil and purchases of goods value is small amount if any problems future in gst act.
Opening stock as on date:01-04-2019 Rs:10 lacs
Purchases in the year:19-20 Rs:5 lacs
Sales in the year 19-20 Rs:18 lacs
Question:
Dealer closing stock value rs: nil and purchases of goods value is small amount if any problems future in gst act.
27 December 2020
No problem if books of accounts are correct and there is no window dressing. Should have all the records and explinations of each and every transactions.
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