Stock in hand on 30/06/2017

This query is : Resolved

Querist : Anonymous

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 ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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:

Querist : Anonymous

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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

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

Sneh Choraria

Rajesh Surapaneni

Pratap Kumar De

Pavithra Doss

Anoop

Subscribe Now

Stock in hand on 30/06/2017

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

Senior Executive

Accountant

GST CONSULTANT

CA Final

GST CONSULTANCY