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Composition Scheme

This query is : Resolved 
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(Querist)
08 July 2017 If a trader registered under vat. And he has stock of rs. 500000 and he claimed itc on it with liability on output tax. And now he wants to opt composition scheme under gst. Whether he is required to pay tax equal to itc claimed on closing stock.
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Amol S Joglekar

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Amol S Joglekar (Expert)
08 July 2017 if he avails ITC, he can not go for composition
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