GST on previous stock

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jab g.s.t lag jayega 1 July ko ....to Jo stock meri shop pe pehale se pada hai uska kaise pata chalega ki coustmer ko kon si item kis g s.t rate pe deni hai.....so confusing. g.s.t
Replies (12)

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.

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

Yes, as per last return filed with VAT return.

magar mere paas to vat no. nahi hai....aise mein kiya hoga
sir mere paas vat no. nahi hai...pls help
if u hv no vat so pls apply for gst

Yes please apply for GST.

SIR

WHAT ABOUT STOCK FOR A PERSON HAVING VAT COMPOSITION SCHEME

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

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

Apply for composition scheme under GST .

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.


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