Sale of closing stock held on 30.06.17
This query is : Resolved
Jiwan singh
(Querist)
11 August 2017
Dear sir,
we have closing stock as on 30.06.17 of amt 1000000/- if we further sale items of closing stock , what tax would be charged vat or gst .
1- govt. has given 3 month to clear this closing stock- what is this mean, if we have to sale on gst tax rate,we can sale whole the year.
2- if we sale this items on gst tax rate it is more costly than customer deny to purchase becouse next shopkeeper is ready to sale this on old prise, can i left this customer.
3- if we have to pay excess tax after june , why i show sale this material before july. ( we are a consumer seller,we have not full name and address of all customers)
we have closing stock as on 30.06.17 of amt 1000000/- if we further sale items of closing stock , what tax would be charged vat or gst .
1- govt. has given 3 month to clear this closing stock- what is this mean, if we have to sale on gst tax rate,we can sale whole the year.
2- if we sale this items on gst tax rate it is more costly than customer deny to purchase becouse next shopkeeper is ready to sale this on old prise, can i left this customer.
3- if we have to pay excess tax after june , why i show sale this material before july. ( we are a consumer seller,we have not full name and address of all customers)
Anil Ahuja
(Expert)
12 August 2017
have you paid vat or excise duty on purchase of such stock?
22 July 2025
https://docs.google.com/document/d/1gTnfVRZxLrqLufrbqwQUCgZ1URlejxQixgjdb5SJuOc/edit?usp=sharing
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