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opening stock

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65 Points Posted on 06 August 2017
client has june stock without any taxes but sold. with gst...then where is to show opening stock. and whether opening stock is liable to RCM
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On 06 August 2017 at 16:09 Report
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jr accountant
708 Points Posted on 06 August 2017
yes if taxable in gst regime
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On 06 August 2017 at 17:31
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65 Points Posted on 06 August 2017
for june purchases also Liable gst?
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On 06 August 2017 at 17:56
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jr accountant
708 Points Posted on 06 August 2017
if you will sale in july month then gst liable
if taxable in gst regime
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On 06 August 2017 at 18:02
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65 Points Posted on 06 August 2017
yes output gst agreed.. but RCM not aplicable to june purchases right?
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On 06 August 2017 at 18:11
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Tax Consultant
159 Points Posted on 06 August 2017
if june stock payment was also done till 30th june then rcm isn't applicable
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On 06 August 2017 at 22:45
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65 Points Posted on 06 August 2017
thanku
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On 06 August 2017 at 23:30


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