TRANSITIONAL RULES

sir,

VAT on closing stock will become opening Tax credit as SGST

And 60% of the Central component i.e 14% on the stock in hand as on 30 june will be available as CGST, stock in hand will be required to be sold in 6 months and  each month stock details will be required to be filed so that 60% exemption can be available

(Assumed GST rate on Closing stock as 28%)