Stock in hand on 30/06/2017

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2017 I HAVE BUSINESS OF KRISHI UPAJ MANDI TRADING OF AANAJ AND STOCK IN HAND 30/06/2017 AMOUNT OF RS 20 LACS WHICH IS TAXABLE @ 3% IN VAT BUT AFTER APPLICABLE OF GST TAX RATE CHANGES BY 5% THAN HOW TO TAKE CREDIT ON THAT STOCK AND ADJUSTMENT ?

03 August 2017 To take credit on stock.
Eqvery registered person entitled to take credit of input tax under section 140 shall, within
ninety days of the appointed day, submit a declaration electronically in FORM GST TRAN-
1, duly signed, on the Common Portal specifying therein, separately, the amount of input tax
credit to which he is entitled under the provisions of the said section:

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2017 dear sir, i agree with u but tax rate has been changed by 3 % to 5% than what treatment in gst

03 August 2017 Take credit of whatever tax is paid and charge applicable GST on sales.


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