stock intimation for composition, Goods and Services Tax - GST

[ajay prajapati]

how to calculate tax on closing stock forcomposition dealer in cmp 03... like we have item in gst rate 18%....

Posts / Replies

[ANITA BHADRA]

In my opinion ,CMP 03 - you need to indicate value of closing stock in coloum 7 & 8 respectively :-

Stock of purchases from registered person

Stock of purchases from unregistered person

You have to give bifurcation of value & actual taxes paid thereon .

No separate calculation is required.

Regards

[ANITA BHADRA]

CMP 03 seeks value of stock purchased from registered and unregistered dealers . You need not to calculate tax on closing stock . Simply indicate value and tax paid there on in coloum 7 & 8 of CMP-03

Regards