I have purchased goods before GST a month back and later i had applied for GST as in composition scheme in this case how to treat old Goods whether i have to pay reverse charge on the old goods or declare stock and continue the same with 1% Tax.
Note: The goods were purchased on PAN before.
No need to pay in anything in Reverse charge , nor have to declare the stock .
Just charge 1% GST on sale
CAclubindia
