I have 4 lakh finished goods. What can we do? How to show it in GST?

I am small manufacturer I opt for Composition and get ARN, no. But I have 4 lakh finished goods. What can we do? How to show it in GST

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3 Answer(s)

Once composition Scheme Opted than no input is eligible on closing stock.

Answered on July 24, 2017.
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We did not need in put it is negligible.

Answered on July 24, 2017.
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If the closing stock includes purchase from unregistered person Than such amount of tax shall be reversed. Means unregistered ke pass ke purchase kiya tho uspe tax lagega and wo reverse Karna padega.

Answered on July 25, 2017.
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Your Answer

Gen GST