Credit on Opening stock

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Expert Whether CST 2%( paid on Inter state purchase ) credit allowed on opening stock under GST regime Regards Vivek - Reply By Vipul Singh - The Reply = The answer is big NO CST paid@ 2% .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on opening stock will not be allowed in GST regime. - Reply By Himansu Sha - The Reply = The credit which is not allowable in the existing law will also not be allowable under gst act - Reply By R .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... aman Singla - The Reply = What will the input tax credit in GST (18%) for VAT @5% ???? e.g. ₹10000/- paid VAT is on books for purchase of 2 lacs...now if sale is made of 2 lacs , GST wil be @ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 15 % = ₹36000/- How much tax should be deposited ?????? - Credit on Opening stock - Query Started By: - Vivek anandhan Dated:- 10-6-2017 Goods and Services Tax - GST - Got 3 Replies - GST - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X