ITC - Stock

ITC / Input 176 views 2 replies
dear team
Dear sir/madam,

I have a doubt regarding GST,

My doubt is that 

If I buy a product of Rs 100000 from my supplier on 31st of June and I received a ITC of Rs 4761.9 under VAT , on 1st July I sell the product with my margin of Rs 8000. What will be my tax payable under GST . If  GST tax payable is  18% how can I pay the excess tax still my margin is under 8%. is there any compensation?

Please help me to know 

My commodity is Tractors Sales
Replies (2)
sorry,you can not make a purchase on 31 june,it is impossible ..
sorry it's 30th june


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details