yes who moving from composition to regular he can claim ITC on his stock
by filling ITC -01
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Cmp-03
you can claim your ITC under section 18(1)(c)
Then - if a dealer moving from regular to composition scheme, then the tax impact will be reverse. During regular scheme the dealer used the tax as input so after composition scheme the dealer have to pay tax on the balance stock,
my client was registered in Punjab VAT under composition scheme and now again he opts composition scheme. is he liable to file CMP 03
Hello,
I am trying to filing CMP-03.
I have only stock purchased from Registered dealer as on 30.06.2017. whether any tax liability arise?.
in my filling time i am not face any liability on registered purchase... without payment i filled my cmp03
HI,
I have only purchases from registered dealer. will there be any tax liability upon filing CMP 03??
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