Gst help

if you comes under threshold limit (<2000000) then you need not pay tax, but if you are above the limit tjen you have to take gst registration and have to pay gst on it, you can take credit on it.
one more option is there if you are comes under 5000000 turnover then you can avail composition scheme under this you have to pay tax 2% on turnover quarterly. under this scheme you dont allow to avail credit.

turnover is above 50 lakhs.

means entire unsold stock would be taxable at new gst rate?

Isn't it a hardship?

any more suggestions?

Yes entire stock would be taxable but you can claim credits of vat and excise on your raw materials and on inputs embedded in semi finished and finished goods if you have invoice indicating payment if duty and such invoice is not earlier than 12 months from appointed day