Tax paid on sale of stock can be adjusted against credit of purchases, made in July.

There was stock of grey fabrics held in stock as on 30.06.2016. The tax paid on sale of the stock can be adjusted against the credit of purchases made in the month of July. Or there should be one to one co-relation.

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2 Answer(s)

Yes

Answered on June 11, 2017.
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Yes

Answered on June 13, 2017.
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Gen GST