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Input on closing stock

ITC / Input 185 views 3 replies
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STUDENT
157 Points Posted on 17 January 2018
suppose my closing stock as on 30th june 17 is 10,000 qty of cost rs 1,00,000, same filled in trans1 ok.. in july i sold all 10,000 qty for 1,50,000 so my question is that i will get input tax credit on 1,00,000 or 1,50,000 in trans 2
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On 17 January 2018 at 19:53 Report
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GST
3925 Points Posted on 17 January 2018
you got credit on your sold stock which you fill in trans 2 .
100 Reply
On 17 January 2018 at 20:16
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STUDENT
157 Points Posted on 18 January 2018
means i will get input credit on 1,50,000 ???
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On 18 January 2018 at 10:19
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GST
3925 Points Posted on 18 January 2018
yes right
100 Reply
On 18 January 2018 at 10:44


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