Should a regd taxable person have to pay any gst on stock as on 30.6.17.

Should a regd taxable person have to pay any gst on stock as on 30.6.17.

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2 Answer(s)

No.. they r eligible for credit although on the goods in stock.

Answered on June 3, 2017.
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If stock held by u out of intra state purchases made within 12 months pre appointed day gst then you can itc held in such stock which remained unutilized till 30.06.17 but for stock held out of inter state purchases gst will be paid without itc claim.

Answered on June 3, 2017.
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Your Answer

Gen GST