TaxTMI 
TaxTMI 
how to calculate tax on closing stock forcomposition dealer in cmp 03... like we have item in gst rate 18%....
stock intimation for composition
27 Nov 2017 
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Reporting of closing stock: composition taxpayers must state stock value and tax paid on CMP form without separate tax calculation.
Composition taxpayers must report closing stock in the CMP return by indicating the value of stock purchased from registered and unregistered suppliers and disclose the taxes already paid on that stock; no separate tax calculation on closing stock is required for CMP filing. (AI Summary)
Composition taxpayers must report closing stock in the CMP return by indicating the value of stock purchased from registered and unregistered suppliers and disclose the taxes already paid on that stock; no separate tax calculation on closing stock is required for CMP filing. (AI Summary)