a dealer under Composition Scheme in VAT now wants to migrate to composition scheme in GST.
what are the transitional provisions as relates to ITC on closing stock as on 30 June?
Menu
COMPOSITION DEALER MIGRATING TO COMPOSITION SCHEME UNDER GST
Replies (2)
no itc is available to composition holder
I know no ITC available to the dealer. But the question is about any tax to be paid on closing stock by him on migration. My belief says he need not pay any tax on stock at the time of migration.
Recent Topics :
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
Related Topics :
CAclubindia
