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About exempted good now in gst which is taxable
I HAVE EXEMPTED STOCK OF 20 LAKH OF FABRIC NOW IN GST I WANT TO GO FOR COMPOSITION , NOW UNDER GST IT IS A TAXABLE GOODS, SO FOR DECLARING STOCK OF 20 LAKH WHETHER ANY TAX LIABLITY ARISES ??
Replies (1)
No tax liability on stock. Text liability arises on selling the same after 1st july.
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