Whether What Amount I Have To Pay Tax

Ashim Ray
watch_later 3 years, 7 months ago

I m new register person opted for composition scheme , i have small shop of garment all earlier stock is purchased without bill donot have any record of stock, all other are saying first i have to paid the Tax on earlier old stock, then have to filed composition scheme return.

Is this true, if yes what amount of Tax i have to be paid , when have to be paid and where have to be paid.And though i have no record of my stock how can i calculated my stock.

If you kindly clear my confusion i will be very much grateful to you.

Thanking You

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1 Answer

GST Payer watch_later 3 years, 6 months ago

You do not have to first pay tax on old stock.

Whatever you supply/sale, pay tax on that.

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