Sale of closing stock held on 30.06.17

This query is : Resolved

Jiwan singh (Querist)
Follow

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)

Anil Ahuja

Anil Ahuja (Expert)
Follow

12 August 2017 have you paid vat or excise duty on purchase of such stock?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

22 July 2025 https://docs.google.com/document/d/1gTnfVRZxLrqLufrbqwQUCgZ1URlejxQixgjdb5SJuOc/edit?usp=sharing

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

T.N.Reddy

Sreekumar J Pai

asmita gupta

Keshav Dubey

kambamcr@gmail.com

Subscribe Now

Sale of closing stock held on 30.06.17

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

CA Final

Accountant

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY