stock
vitthal bang (1 Points)
11 June 2017
what about holding period of old stock ? Is it 60 days or more ?
3 Replies
nirmalbhai thakker
(117 Points)
Replied 11 June 2017
As per transitional provision , dealer should keep in mind three periodic limit,. first - he has to submit stock form with in 90 days from the date of implementation of GST
2 Stock as on implementation date should to sold with in 180 days from the date of implementation and
3 Stock should not be older than one year
2 Stock as on implementation date should to sold with in 180 days from the date of implementation and
3 Stock should not be older than one year
chandrasekhar devarakonda
(advocate and tax practitioner )
(36 Points)
Replied 11 June 2017
three is no time limit prescribed for older stock. hence 3 point not applicable. pls refer new rules
nirmalbhai thakker
(117 Points)
Replied 11 June 2017
As per new rule , for taking closing stock credit , dealer has to proov that stock should not be older than one year
Recent Topics
- Query about rule 42
- ITC on Credit note updated late in GSTR3B
- TDS REMOVE DEDUCTEE FROM CHALLAN
- Query regarding MCQ OMR
- RCM Taxable Value Wrongly Shown in March 25 GSTR -
- Tax Treatment of Consideration Received Under Irre
- ITC on Car loan processing charges
- Documentation to Substantiate Foreign Travel as Bu
- Deficiency Letter
- DRC 01 along with SCN not received
Related Threads
CAclubindia
