How can avail itc

This query is : Open

monika (Querist)
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31 December 2017 SIR I HAVE GET A FRESH NEW REGISTRATION IN GST ON 27 JULY 2017 AS COMPOSITION DEALER

I HAVE PURCHASE GOODS OF RS. 9 LAKH TILL NOW
AND
SELL GOODS OF RS.4 LAKH

(DURING COMPOSITION SCHEME)

NOW I HAVE STOCK OF RS, 5 LAKH

THIS STOCK IS GST TAXPAID AND PURCHASED FROM REGISTERD DEALER

NOW I WANT WITHDRAW COMPOSITION SCHEME

SO QUETION ARISE THAT

CAN I AVAIL ITC OF RS. 5 LAKH STOCK

IF YES
WHICH FORM SHOULD I FILL FOR IT

CA Suresh Jain

CA Suresh Jain (Expert)
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01 January 2018 On opting out of Composition Scheme the registered supplier is eligible to take credit on the stock lying with him for which he should file the relevant return

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