Sir i am composite dealer have to paid tax earlier stock.

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Ashim kr Ray (Querist)
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27 July 2017 Sir,

I have register as composite dealer an work as clothes shop ,i have heard that i have to pay tax on earlier stock before filing composition scheme.but on my earlier stock i have no bill ,so how can i pay tax on earlier stock.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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27 July 2017 You have to pay tax on such goods which is purchased from unregister dealer.

Ashim kr Ray

Ashim kr Ray (Querist)
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27 July 2017 Madam As the stock is before gst's applicable ,an all product brought without any bill ,here how to calculate the amount of stock, what amount GST rate has to be paid ,and when has to be paid in which return.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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27 July 2017 If no bill is there the whole goods treated as purchased from unregister dealer & you have to pay tax as per GST on it.

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Ashim kr Ray

Ashim kr Ray (Querist)
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29 July 2017 Madam is 5% has to be paid on garment. and when did i have to paid the tax in gst.

Ashim kr Ray

Ashim kr Ray (Querist)
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29 July 2017 Madam on for FY 2016-17 i showed my closing stock amounting Rs 268500.Do i have to paid tax on this amount or stock remain after june 30 2017 which one.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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29 July 2017 You have to pay on stock remain after 30 June.

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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29 July 2017 When to pay is notified by Govt soon. However you have to give details of Stock in CMP-03 within 60 days.

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Ashim kr Ray

Ashim kr Ray (Querist)
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29 July 2017 Madam
Is this applicable under Normal scheme also.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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29 July 2017 No.................

Ashim kr Ray

Ashim kr Ray (Querist)
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29 July 2017 Madam
As u said details of stock i have to give, means how much quantity of shirt & pant i have in stock is this or what?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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29 July 2017 Invoice wise details required. See CMP-03 format for more clarification

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Ashim kr Ray

Ashim kr Ray (Querist)
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30 July 2017 Madam
i have seen the format here asked to give details of stock on date of opting composition .
But one problem here asked to give the name of unregister dealer and invoice details which i donnot have any what to do.Plz advice

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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30 July 2017 Write it cash Purchase

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Ashim kr Ray

Ashim kr Ray (Querist)
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31 July 2017 Madam do in online process if i write cash transaction in the invoice column an unregistered column will i able to sumit the return.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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31 July 2017 Yes you may....

Ashim kr Ray

Ashim kr Ray (Querist)
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