What needs to be done with the existing stock?

As of today we have stocks which have been purchased from other state though we sell it only locally. So are we eligible for Composition Scheme under GST and if yes, then what needs to be done with the existing stock? Kindly help.

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3 Answer(s)

No If Those Dealer Purchase Other State, Not Opt Composition Scheme Under Gst Acy

Answered on June 14, 2017.
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Under composition scheme you may procure from outside the state but you can\’t sell outside the state. therefore you may be covered under the scheme.

Answered on June 14, 2017.
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There is no bar on inward interstate transactions but you can not make outward interstate transactions

Answered on June 15, 2017.
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Your Answer

Gen GST