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Textile bill

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(Querist)
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
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Amol S Joglekar

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Amol S Joglekar (Expert)
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.
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Deepanshu Garg

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Deepanshu Garg (Querist)
19 July 2017 Thank you for your prompt reply Sir.
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Amol S Joglekar

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Amol S Joglekar (Expert)
20 July 2017 you are most welcome.....
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Amol S Joglekar

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Amol S Joglekar (Expert)
20 July 2017 you are most welcome.....
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Amol S Joglekar

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Amol S Joglekar (Expert)
20 July 2017 you are most welcome.....
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