GST Migration – Demystifying the Closing Stock Dilemma Demystifying the Closing Stock Dilemma

                                    

GST Migration – Demystifying the Closing Stock Dilemma

        

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GST Migration – Demystifying the Closing Stock Dilemma

With only a few days to go for GST to be rolled out, one of the key points of interest for most businesses are the transition rules and provisions, especially pertaining to the closing stock being held on the transition date. This is super-critical for businesses, as the rules will determine the amount of input tax credit available on the closing stock, and based on that, businesses will need to re-organise themselves in the last few days of the current taxation regime to manage their inventory effectively.

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