what is provision about stock in hands in case of wholesaller trader register only under respective VAT ACT.
is he is liable to pay anything on stock in hands?
is it advisable to reduce stock as on 30/6/17?
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Stock in hands
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No aditional Tax required to pay on appointed date ( 01.07.2017 ) if its purchase from registered dealer.
If its purchase from Unregistered dealer than required to pay GST under Reverse Charge and get Input credite of gst
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