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Stock in GST

20 July 2017

We have around 500 different type of items in stock. in GST, is it compulsory to maintain stock?? We calculate our stock on GP basis previously, It is not possible to maintain each and every item in stock. So can we do accounting without stock detail or it is compulsory to maintain stock?

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2 Replies

shivjani (none) (39 Points)
Replied 20 July 2017

It is ccompulsory to maintain stock register otherwise you eill loose your itc

Rahat Vohra (41 Points)
Replied 20 July 2017

There are around 500 different items at our shop so it is not possible to maintain the stock register? So, we have to get an accounting software like tally or busy. Currently we are issuing manual bills but it is not possible to maintain stock of all items manually