need clarification on the above subject.
shall take gst input on closing stock as of june 30th 2017 of non excise dealer.
Input on closing stock as of june 30th 2017.
Replies (6)
vat already claimed as per regular. shall again eligible for input on closing stock as of june 30th
If you have Excise Invoices then Yes... You can.
if you do not hv excise inv, then you can claim 60% of cgst if tax rate is 18% & above and 40% of cgst if tax rate is less than 18%
already utilised vat on closing stock as of june 30th. means again eligible for input on closing stock as of june 30th
excise credit not available in the above case
vat credit is already utilised on closing stock as of june 30th. shall again eligible for input on closing stock as of june 30th as SGST.
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