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