my partnership firm registerd in normal vat dealer now. I want to go compostion scheme
closing stock which is totaly purchased in state and vat paid.
input on this closing stock I used ( output-input)
if I go to compostion scheme then what rate of tax. pay on. closing stock.
vat 5.5
gst 18
Menu
closing stock on 30.6.17
Replies (2)
no vat credit availed , and you have to pay tax on sales without availing any input credit
if you are manufacturer 2 % and if you are trader 1 % on supply of goods, you can not collect tax from custkner.
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
