CAN DO CLAIM ITC FY 20_21 IF CONVERT TO COMPOSIT TO REGULAR
This query is : Resolved
11 September 2020
Dear sir
my claint take composit Registration 06/08/2019 FY 19_20.at present HE want to convert Under REGULAR scheme,AFTER CONVERT TO REGULAR SCHEME can he take ITC OF CURRENT FY 20_21 FROM APRIL 2020 INVOICE ?OR FROM WHICH DATE HE WILL ELIGIBLE TO TAKE ITC
my claint take composit Registration 06/08/2019 FY 19_20.at present HE want to convert Under REGULAR scheme,AFTER CONVERT TO REGULAR SCHEME can he take ITC OF CURRENT FY 20_21 FROM APRIL 2020 INVOICE ?OR FROM WHICH DATE HE WILL ELIGIBLE TO TAKE ITC
12 September 2020
He is eligible to take credit from the date he becomes regular dealer.
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