Closing stock

Yes he will get input credit for stock in hand as on 30th june 2017, if you have a vat bill you can claim that input if you have not transfered that vat obligation to your customer. Plus you can claim 40% of cgst(applicable to you)as input. 2) no you cannot claim input of stock which is there with you for more than 12months 3) you have to file a return within 60 days from 1st july stating the stock you have,from whom it was purchased and when it was purchased and at what rate and amount

Yes he will get input credit for stock in hand as on 30th june 2017, if you have a vat bill you can claim that input if you have not transfered that vat obligation to your customer. Plus you can claim 40% of cgst(applicable to you)as input. 2) no you cannot claim input of stock which is there with you for more than 12months 3) you have to file a return within 60 days from 1st july stating the stock you have,from whom it was purchased and when it was purchased and at what rate and amount

Well explained Mr. CA Aditya...
Thanks for your detailed reply

Thank u CA Aditya Goenka

And sir which form is to be filled within 60 days of 1st July for input tax. Form no.