Gst Related


Deepak Shah
watch_later 2 years, 4 months ago

My query is that I have brought goods on 30/6/2017  worth Rs 750000 on which vat @ 20% was charged but after 1 st july i have to charged gst so how do i sell those goods of 750000

 

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2 Answers

Nitin Sharma watch_later 2 years, 4 months ago
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at the gst act is based on value addition you have to add your profit on the 75000/ then apply the gst rate otherwise the department will apply notional profit on your sales.

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GST Payer watch_later 2 years, 4 months ago
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You need to charge GST on products when you make outward supply. You can carry forward vat credit to GST based on vat return filed.

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