banner_ad

Conversion from composite scheme to regular

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 May 2018 my friend has converted from composition scheme to regular on 22nd feb. at that time the closing stock was 14lacs. when he was filing under regular scheme can he get input tax credit on the closing stock, if yes then what is the procedure.
Profile Image

CA Suresh Jain

Profile Image

CA Suresh Jain (Expert)
14 May 2018 Yes, he is eligible for input credit; he should file form ITC-01 within 30 days from the date of conversion
Profile Image

RAJESH

Profile Image

RAJESH (Querist)
15 May 2018 The time for filing ITC 01 is over, then what is the procedure
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details