Gst on exempted goods

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RETAILER
33 Points Joined March 2010

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 

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On 20 June 2017 at 15:06 Report
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Tax Consultant
172 Points Joined July 2012
under GST act fabric and cloth are taxable so you have to give your stock under GST act
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On 20 June 2017 at 15:32
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Assistant Manager
541 Points Joined April 2009

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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On 20 June 2017 at 20:32


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