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
Imran Ahmad (Working on GST with HLL & Castrol Distributor ) (118 Points)
10 November 2017Dear 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
anonymous
(student)
(750 Points)
Replied 10 November 2017
CAN YOU ELABORATE WHAT IS MENT BY NOTIONAL TAX BENEFIT?
Imran Ahmad
(Working on GST with HLL & Castrol Distributor )
(118 Points)
Replied 10 November 2017
Notional Tax Benefit means 40% or 60% of CGST refund when we sold such Closeing Stock
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