Dear all i am a FMCG Traders and i am dealing with in a State only. I have no Excise Ragistration No.
Can i claim Notional Tax Benefit as per GST Act on my closing stock.
With Regards
Imran Ahmed
Trans 1 claim notional itc
Replies (2)
CAN YOU ELABORATE WHAT IS MENT BY NOTIONAL TAX BENEFIT?
Notional Tax Benefit means 40% or 60% of CGST refund when we sold such Closeing Stock
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