Textile bill
This query is : Resolved
19 July 2017
Dear Sir/Madam,
I am a textile trader. Should I raise bill for the old stock sold after 1st July.
I fear my cost will rise for I have to collect output tax and I have no input tax to set it off since textile business was exempt from any tax earlier.
Regards
19 July 2017
yes, you need to do that.
In such cases, price hike seems to be inevitable., because no trader can pay 5% out of his/her own pocket.
In such cases, price hike seems to be inevitable., because no trader can pay 5% out of his/her own pocket.
19 July 2017
Thank you for your prompt reply Sir.
20 July 2017
you are most welcome.....
20 July 2017
you are most welcome.....
20 July 2017
you are most welcome.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Tds on commission charges
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- CHECK RELATED
- New GST registration for new place of business.
- Salary from Qatar in Dollars in India
- GST ISSUE OF INPUT AND OUTPUT GST
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
