We are in composition scheme
But now we leave composition from 1 oct
We have purchase bill from 1 apr 2018
But we filed nill return of composition
Naw we arw in regular scheme
Can we take the itc of that purchase.? And if yes then how?
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can we can take itc
Replies (2)
You can't avail ITC benefits based on Invoices.
But, You can claim ITC based on Your Stock with Invoice through ITC Form...
But, You can claim ITC based on Your Stock with Invoice through ITC Form...
you are eligible for input tax credit on inputs held in stock and inputs contained in semi-finished or finished goods held in stock as on date on which you have converted yourself from composition scheme to regular scheme.
ITC can be availed by filing, a statement is Form GST ITC -01
ITC can be availed by filing, a statement is Form GST ITC -01
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