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stock intimation in compostion
how to calculate tax on stock held on 30 june for compostion ... both condition registered purchase and unregistered purchased ... supose item rate is 18% in gst .... pls help
Replies (4)
If registration then full itc credit is available... On purchase rate you calculate itc and in case of unregistered dealers... 60% itc available in case of 18% gst rate
If stock held on 30th june which was purchased from unregistered dealer than he is liable to pay GST under RCM @ applicable on that items.
In case of stock purchase from Registered no tax required to pay
For adopation of Composition Scheme
If stock held on 30th june which was purchased from unregistered dealer than he is liable to pay GST under RCM @ applicable on that items.
In case of stock purchase from Registered no tax required to pay
For adopation of Composition Scheme
Sorry i give reply on itc available on 30th june stock regarding tran form
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