Clarification regarding stock inventory

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1 Points Posted on 06 July 2020
what is the best way to declare the value of stock in trade ,is it by item wise stock ya by value based stock ,if we are using tally ERP9 with account and inventory mode
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On 06 July 2020 at 23:15 Report
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This discussion clarifies the best method for declaring stock in trade when using Tally ERP9 in account and inventory mode. It highlights that for GST purposes, maintaining item-wise stock is a requirement under Section 35 of the CGST Act. Therefore, reporting inventory-wise stock is recommended for compliance.

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284 Points Posted on 06 July 2020
Imventory WISE
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On 06 July 2020 at 23:19
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GST Practitioner
55067 Points Posted on 06 July 2020
For GST purpose need to maintain Item wise stock (Section 35 of CGST Act)
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On 06 July 2020 at 23:43
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4215 Points Posted on 07 July 2020
You may report inventory wise stock
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On 07 July 2020 at 18:20

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