Transfer from coposition to regular scheme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2019
can i registerd taxpayer take ITC on goods purchase during composition scheme period and such goods is as stock as on the date when he transfer from composition scheme to regular.pls also send me provision regarding this.
09 January 2019
Please refer Section 18(1)(c) of CGST Act, 2017 read with Rule 40 and 44 of CGST Rule, 2017.
The credit on Inputs and Capital Goods is available subject to certain restrictions and you will have to file Form GST ITC-01
The credit on Inputs and Capital Goods is available subject to certain restrictions and you will have to file Form GST ITC-01
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
