what will be tax rate on stock as in 30 June on cloth
earlier cloth was examted goods before gst what should a gst
and composition delear do and earlier on clothes there was excise and central vat
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what will be tax rate in composition scheme on cloths as in stock on 30 june 2017
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If you opted for composition scheme on or before 16th August, you have to pay tax at 1% on the value of supplies if you are a trader. No ITC. No tax payable on stock.
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