submition of closing stock as on 30th jun 2017. In gst portal

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NANDAN (Querist)
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28 June 2017 dear sir/madam, plz guide me about form number for submission of closing stock and due date for submission.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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28 June 2017 TRANS-2 every month from July to Dec

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NANDAN

NANDAN (Querist)
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28 June 2017 thank you.... Reatail dealers can claim 40% input tax credit on closing stock on 30th jun 2017?

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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28 June 2017 If rate is 5% or 12% then 40% credit. In case of 18% &28% you will get credit of 60%

NANDAN

NANDAN (Querist)
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28 June 2017 40% and 60% on which amount?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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28 June 2017 CGST.......

NANDAN

NANDAN (Querist)
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28 June 2017 40% on out put CGST or input CGST?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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28 June 2017 Output CGST.......

NANDAN

NANDAN (Querist)
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28 June 2017 then dealer is eligible to claim credit on closing stocks is after sale of that stock, am I right?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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28 June 2017 Yes you have to claim in 6 tax periods as & when goods sold.

NANDAN

NANDAN (Querist)
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28 June 2017 credit on stock is available to all type of businesses except composition dealers?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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28 June 2017 Yes.........................................

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