Liability on stocks

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Accountant
186 Points Posted on 25 April 2024
Dear all,

how to calculate gst liability on stock during the gst cancellation ??
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On 25 April 2024 at 23:12 Report
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Quick Summary
This discussion addresses how to calculate Goods and Services Tax (GST) liability when cancelling your GST registration. It specifically asks about calculating this liability based on the purchase value of stock and the process of reversing any input tax credit (ITC) claimed. The query also considers the scenario where there are no remaining stock balances at the time of cancellation.

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"Do the Right Thing...!!!"
128162 Points Posted on 26 April 2024
As per purchasing Value.
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On 26 April 2024 at 08:39
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1011 Points Posted on 05 May 2024
Reverse the itc
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On 05 May 2024 at 05:13
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Accountant
186 Points Posted on 06 May 2024
In case no any stock balances?
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On 06 May 2024 at 07:30

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