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Change regular to composite for gst

This query is : Resolved 

30 March 2019 One person running medical stores regular scheme under gst.
Closing stock as on 31.03.2019 4 lacs
Itc 12064.
Chane producure of regular to composite.

02 April 2019 Last date for switch over from regular to composition is 31.03.2019 and inputs held in stock must be reversed. i.e. any unused credit lying in credit ledger must be reversed either by way of debit to cash ledger or credit ledger.


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