stocks held, Goods and Services Tax - GST

[arun aggarwal]

Sir

I would be holding stocks which will be CST paid with no excise applicable, when GST comes in,

I would like to know my status, can I take the input in GST of cst and.or I have to pay GST on balance stocks or have to pay GST at the time of sale?

Arun

Posts / Replies

[KASTURI SETHI]

One must not get tension in advance. Still rules are being framed. Wait for enactment of the same.

[MUKUND THAKKAR]

stock is which will be CST paid and excise duty is not applicable, you can not eligible to take credit under GST regime. GST is payable at time of sales not on stock on hand..

above view as per draft rules...