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)
CAclubindia
