i hv closing stock of tax free (under HVAT Act) good of rs. 10 lakh on 30.06.17. but such good is taxable @ 12% under GST. Now i want to go under composition scheme.
my query is whether i hv to pay gst on closing stock @ 12% first or to pay 1% under composition scheme
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composition scheme
Replies (2)
if you opt cs u will pay 1% of total turnover
invoice performa in GST compition sceme
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