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Tax treatment of unstock after expiry of 60 days

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2017 what will be tax Regime on Unsold Stock after Expiry of 60 days from 1 July 2017.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
08 July 2017 No ITC available in respect of such goods if any.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2017 toh Kya Stock Owner ko Iss Unsold skock pr Tax payment krna padega. ??
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
09 July 2017 No need to deposit tax but no ITC available in respect of that goods.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2017 OK...thank you
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
10 July 2017 Welcome........
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