If a retailer takes registration in GST under composition scheme then he requires paying tax on stock held by him on the date on granting registration?

If a retailer takes registration in GST under composition scheme then he requires paying tax on stock held by him on the date on granting registration?

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3 Answer(s)

If the stock held by you, has been purchased from unregistered dealer, then you have to pay tax for those goods.

Answered on July 23, 2017.
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Yes, if you bought the goods from the unregistered dealer.

Answered on July 23, 2017.
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Yes, Because stock held by you is not including GST.

Answered on July 24, 2017.
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Your Answer

Gen GST