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How much tax we have to pay in closing stock

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3 Points Posted on 17 July 2017
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
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On 17 July 2017 at 22:07 Report
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2 Points Posted on 17 July 2017
Tax is paid when we make a sale and not on what we store till credit availing limit.
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On 17 July 2017 at 22:11
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student
164 Points Posted on 17 July 2017
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
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On 17 July 2017 at 22:12
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3 Points Posted on 17 July 2017
If we sold total stock in next 40 days what we have to pay please explain
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On 17 July 2017 at 22:57
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student
164 Points Posted on 18 July 2017
GST on the applicable products which is lying in closing stock !!!Tax based on HSN code
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On 18 July 2017 at 00:14


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