Meri composion sale 60 lakh h stock pada h. gst me input out put kese hoga ab tex 28% h?

Meri composion sale 60 lk h stock pada h(5.5%,,14.5%,,15%)ab gst me input out put kese hoga ab tex 28% h

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2 Answer(s)

Stock jo ha us per vat ka out kitna ha or input vat kitna haa.

Answered on June 8, 2017.
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Composition scheme is not available if your aggregate sale value is 60 lakhs in preceding financial year. you can avail of ITC on the input lying in stock if you have their invoices which should not be more than 12 months old. Forget VAT or Excise now henceforth … it will be 50% of CGST and 50% of SGST or 100% IGST.

Answered on June 9, 2017.
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Your Answer

Gen GST