What should be do with their existing stock after July 1st?

What should be do with their existing stock after July 1st?

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1 Answer(s)

Companies can get credit of up to 40% of their goods and services tax liability against excise duty already paid on stocks when GST is rolled out. credit would be given once the central GST has been paid on the supply and the applicant has provided evidence of purchase of these goods.

Answered on June 26, 2017.
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Gen GST