Gst help

Paramjeet Singh Gulati (Assistant) (221 Points)

21 May 2017  

Hello Friends,

I have a Bicycle spare parts manufacturing unit,which is an SSI.

VAT payable under existing UPVAT provisions was nil,as exemption was there.

Now under GST, rate is 12%.

Unsold Stock of finished goods at present is 15 lakhs.

What to do with my inventory level?

Is it will taxable at 12%?

please guide