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tax on stock

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173 Points Posted on 29 July 2017
i was regular dealer under mvat and all my purchases are local. i have stock in my books on 30.6.17. now I am under composite scheme will i have to pay tax on my stock all purchase from registered dealer
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On 29 July 2017 at 17:22 Report
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1518 Points Posted on 29 July 2017
If you have tax paid stock then claim ITC of stock and pay tax on sale
3 Reply
On 29 July 2017 at 17:30
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1518 Points Posted on 29 July 2017
If you have tax paid stock then claim ITC of stock and pay tax on sale
3 Reply
On 29 July 2017 at 17:30
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jr accountant
708 Points Posted on 29 July 2017
can composition take itc???
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On 29 July 2017 at 22:51
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1518 Points Posted on 29 July 2017
@ sunil Composition not avail ITC
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On 29 July 2017 at 23:04
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173 Points Posted on 30 July 2017
composite dealer have to pay tax on stock ?
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On 30 July 2017 at 05:48
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jr accountant
708 Points Posted on 30 July 2017
yes pay gst
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On 30 July 2017 at 08:27
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173 Points Posted on 30 July 2017
but already this stock is vat paid
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On 30 July 2017 at 12:27
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1518 Points Posted on 30 July 2017
If you have tax paid stock then claim ITC of stock and pay GST on sale
3 Reply
On 30 July 2017 at 12:28


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