We are small traders of textile dealing in Suiting, Shirting, Sarees, Dress Material, Blankets, Dhoti etc. We have some queries regarding implementation of GST from 1st July 2017.What will be the status of opening Stock of Textile items? Will 5% be added on closing stock as on 30th June 2017

When you make supplies out of this stock after 1st July, 2017 you will be liable to pay tax as applicable to the goods sold by you.

[FAQ-18(a) TEXTILES]