Gst on exempted goods

227 views 2 replies

I AM A RETAILER OF SAREES & LEDIES SUITS & SALWAR (SEMI STICHED). FABRIC IS EXEMPTED UNDER DVAT SO I WANT TO KNOW FEW QUESTIONS:

1. HOW WILL I SUBMIT CLOSING STOCK DETAIL FOR INPUT TAX CREDIT, AS THEY ARE NOT TAXABLE EARLIER AND I DON'T HAVE INPUT CREDIT?

2. SEMI STICHED ITEMS COMES UNDER FABRIC OR APPREALS?

3. IS BILL WISE CLOSING STOCK DETAIL MUST REQUIRED FOR GST OR JUST FOR INPUT CREDIT? MEANS I DON'T HAVE ITC THEN I DON'T NEED TO PROVIED BILL WISE STOCK DETAIL.

 

REGARDS

NITIN KUMAR SHARMA 

Replies (2)
under GST act fabric and cloth are taxable so you have to give your stock under GST act

Case 1 At the time of purchase it was not taxable so no tax paid by you. No ITC, no need to give any detail

Case 2 Apparel

Case 3 No need to give bill wise detail of closing stock 

 


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