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input credit on closing stock
dealer already taken vat and excice inputs in earlier return and paid tax but he hold stock as on 30 June how he got again credit on unsold stock pls answer with logic with example
Replies (3)
ones you taken taken credit in purchase, how can it possible taken double brnifit. it is simple logic
my stock on 30.6.17 is taxed @ 12.5% excise + 5% vat = 17.5% now GST applicable on the same category of goods is 28% . so i have to pay 28 % GST as against an input credit of 17.5% .
will i have to pay 10.5% from my pocket ? plz clarify
will i have to pay 10.5% from my pocket ? plz clarify
asking abt Gst credit on on sold stock as on 30.06.2017
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