Composition scheme
This query is : Resolved
08 July 2017
As on 30 June 2017 , i have stock amounting to rs. 15 lakhs on which i have claim ITC @ 14% = Rs. 2,10,000. Now if i opt for Composition scheme under GST , do i need to pay rs. 2,10,000 to the credit of central & state govt. proportionatly.
08 July 2017
Yes .................................................
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