Pre GST or Existing Stock sale
Found some circles of this platform are quite effective to raise voice hence coming into this one.
I want to raise the issues of existing or pre-GST stock that is lying with retailers. About 60% stock with me is pre-GST out of which 30% is outdated or unsaleable.
Can the dept of consumer affairs or gst experts suggest what to do with saleable stock post dec 31, 2017 and what to do with unsaleable stock. for unsaleable stock, kabadi, scrap fellow does not give money by cheque.
on saleable stock, can I sell it by putting sticker after dec 31 and showing current mfg rate list to consumer. will take the hit where cost has reduced.
please suggest more
I want to raise the issues of existing or pre-GST stock that is lying with retailers. About 60% stock with me is pre-GST out of which 30% is outdated or unsaleable.
Can the dept of consumer affairs or gst experts suggest what to do with saleable stock post dec 31, 2017 and what to do with unsaleable stock. for unsaleable stock, kabadi, scrap fellow does not give money by cheque.
on saleable stock, can I sell it by putting sticker after dec 31 and showing current mfg rate list to consumer. will take the hit where cost has reduced.
please suggest more
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The date given for all goods inventory is 31 st December.It may extend by some days[not sure] more
Dec 08
well one would expect that such leverage is automatically afforded by the CII or the GST governing body if it is not under the purview of the CST....in any case this is a situation for everyone that some pre-GSTstock should either take the hit as regards the profit margins or be allowed to alter its min sale price.....after all at the stroke of midnight when GST was slapped not every seller had zero inventory!!!!!!!!!!!!!!!!!!!!!!:) if the how's not explicitly specified then the seller has the onus on pre-GST price altering i'd suppose! more
Dec 08
A Flat in a Residential complex was bought before GST and Service TAX was payable at 4.5 % This means that the Tax on Purchase of materials was included in the Market Value when the Flat was agreed for Sell and Buy After GST, V are not receiving the Benefit of Cost Reduction and The Builder is Charging 12 % This means the Price Increase is taking Place at 7.5 % What is the action expected to b taken for Corrective Action. Individuals are not in a position to dictate to the Builder Pl advice who to approach for Corrective Action more
Dec 08
A Flat in a Residential complex was bought before GST and Service TAX was payable at 4.5 % This means that the Tax on Purchase of materials was included in the Market Value when the Flat was agreed for Sell and Buy After GST, V are not receiving the Benefit of Cost Reduction and The Builder is Charging 12 % This means the Price Increase is taking Place at 7.5 % What is the action expected to b taken for Corrective Action. Individuals are not in a position to dictate to the Builder Pl advice who to approach for Corrective Action more
Dec 08
Labour is not part of VAT and so the GST.As long as it is a co-operative housing the GST has to be decided. more
Dec 08
