I purchased goods after July but got
gst no after it so what to do of the stock I have.
please help
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on stock
Replies (10)
You sell and collect GST. Then pay to govt...
so what about tax I paid on purchase
You pay the tax on Items GST rate. Why it's confusion...?
means I will just pay the difference of purchase and sales
purchase tax and sales tax
I think you purchased your goods before Registration...?!
Am I right...?
If yes you can revise your all purchase invoices with inbuilt your GSTIN then you can adjust the tax as ITC....
Am I right...?
If yes you can revise your all purchase invoices with inbuilt your GSTIN then you can adjust the tax as ITC....
elaborate in simplified way
U can claim the benefit of input tax credit on the stock lying with you on the day immediately preceding the date of registration. for ex. A applied for voulntary registration on 5th july 2017 and obtained the registration on 22nd july 2017, here Mr A is eligible to take credit on inuts in stock as on 21st july 2017.
@ Dear Priyanka.,
In above said way is as per rule... But, System not supported some times...
If a registration is on 20/07/2017. But, Certificate date om after August.
Based on the rule When generated ARN we can run the business based on ARN date...
But, Return dashboard not available for the month of July...
Then What can we Do...?
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