GST on previous stock

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 07 April 2017

Don't woory. The rates of each specific item will be declared in the 4 catagories where GST will be charged at 5 or 12 or 18 or 28 percent, if otherwise exempted.

Ashish Aggarwal

41 Points Posted on 07 April 2017

Jo stock pehale se hai shop pe uski stock list kiya gov ko deni hogi

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 07 April 2017

Yes, as per last return filed with VAT return.

Ashish Aggarwal

41 Points Posted on 07 April 2017

magar mere paas to vat no. nahi hai....aise mein kiya hoga

Ashish Aggarwal

41 Points Posted on 07 April 2017

sir mere paas vat no. nahi hai...pls help

rinku gupta

accountant

435 Points Posted on 07 April 2017

if u hv no vat so pls apply for gst

Guest

Yes please apply for GST.

deep1976

propreitor

299 Points Posted on 07 April 2017

SIR

WHAT ABOUT STOCK FOR A PERSON HAVING VAT COMPOSITION SCHEME

Ashish Aggarwal

41 Points Posted on 07 April 2017

magar sir g.st direct apply ho jayega yaan fir pehle vat no. apply karna hoga fir woh g.st mein migrate hoga ...

Guest

If you don't have a VAT no., then apply for GST directly, otherwise go for migration option.

Guest

Apply for composition scheme under GST .

Studentsca

CA Practice

3577 Points Posted on 08 April 2017

Opt for voluntary registration U/S 23 if you want to collect GST and want Input Tax Credit for goods already lying in your stock. Don't opt for Composition scheme as dealers opting for Composition scheme cannot collect GST hence cannot claim Input Tax Credit.