verification by CA

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rocky (Querist)
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26 July 2017 our CA said that if input from existing stock is more than 2 lakhs, then a CA must verify the closing stock details . IS he right or he ia saying that for money

Amol S Joglekar

Amol S Joglekar (Expert)
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26 July 2017 CA may not say so for money.?By the way, what according to you should be the FEE for a CA?
And do you think that you pay him less/more/appropriate?
(Are you aware that ICAI has recommended a fee of around 4000/- per hour of work?
Please do share your views

Advocate

Advocate (Expert)
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26 July 2017 There is no any such provisions in GST act or rules. Whatever ITC you have in your VAT/ SERVICE TAX/ EXCISE Returns as shown on 30 June ,2017 will be allowed to you in GST regime and the same should be carry faorwrd and claimed by you subject to different types of ITC showing invoices in your hand.
Be sure, no such certification required.

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