I want take GST composition scheme. What is GST rate will be applicable on closing stock.

I was earlier registered in VAT and my product is steel vat rate earlier in steel 1% and I have closing stock 30 lakhs on 30th June. Now I want to take GST composition scheme. What tax rate will be applicable on closing stock.

Add Comment
1 Answer(s)

0.50%

Answered on July 20, 2017.
Add Comment

Your Answer

Gen GST