Menu
I am a structural steel contractor,
I am a structural steel contractor, i have last year purchased steel material is with me, once I done a work how can I bill in gst
Replies (1)
if your purchase is after 30.06.2016 you are eligible for input credit otherwise laps the credit. if you have valid invoice of such goods, you have to file TAN1 accordingly , if goods rate is 18% or more, you are eligible for 60% of such closing stock. 18% × 60 = 10.80% , 5.4% SGST 5.4% CGST.
Recent Topic
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
Related Topics
CAclubindia
