Gst regular scheme to composition scheme
This query is : Resolved
12 March 2018
Good Morning All,
We are converted from GST Regular dealer to Composition dealer and we have ITC to be availed as on the date of conversion...
1. Can we claim that credit?
2.Should we have to file any return for that Credit reversal
Please guide me
We are converted from GST Regular dealer to Composition dealer and we have ITC to be availed as on the date of conversion...
1. Can we claim that credit?
2.Should we have to file any return for that Credit reversal
Please guide me
12 March 2018
You cannot claim credit, ITC should be reversed. You can reverse the ITC in your last return in GSTR 3B as regular taxable person.
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