submition of closing stock as on 30th jun 2017. In gst portal
This query is : Resolved
28 June 2017
dear sir/madam,
plz guide me about form number for submission of closing stock and due date for submission.
28 June 2017
TRANS-2 every month from July to Dec
Message likes :
5 times
28 June 2017
thank you....
Reatail dealers can claim 40% input tax credit on closing stock on 30th jun 2017?
Message likes :
1 times
28 June 2017
If rate is 5% or 12% then 40% credit. In case of 18% &28% you will get credit of 60%
28 June 2017
CGST.......
28 June 2017
Output CGST.......
28 June 2017
then dealer is eligible to claim credit on closing stocks is after sale of that stock, am I right?
28 June 2017
Yes you have to claim in 6 tax periods as & when goods sold.
28 June 2017
credit on stock is available to all type of businesses except composition dealers?
28 June 2017
Yes.........................................
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