VAT Composition

Pankaj Arora (Learner) (3134 Points)

19 June 2017  
HI... WE ARE REGISTERED UNDER VAT COMPOSITION SCHEME AND ACCORDINGLY WE CAN'T AVAIL INPUT TAX ON PURCHASE. BUT WE HAVE SOME STOCK ON WHICH WE HAD PAID VAT AND UNDER GST WE ARE AVAILING NORMAL SCHEME. CAN WE CLAIM INPUT CREDIT ON STOCK LYING WITH US?