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How much tax we have to pay in closing stock
If We have closing stock of 1700000 till the date of 30-6-2017 purchase with the vat rate 14.5% how much tax we have to pay
Replies (4)
Tax is paid when we make a sale and not on what we store till credit availing limit.
No need to pay u can carry forward the vat credit on the closing stock to GST regime as SGST by filing trans-1 return
If we sold total stock in next 40 days what we have to pay please explain
GST on the applicable products which is lying in closing stock !!!Tax based on HSN code
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