Composition Scheme of GST

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Accounts Officer & In charge
3308 Points Posted on 03 February 2020

When can we apply for composition scheme of GST for the FY 2020-21? and what are the important points we need to keep in mind when we opt in for composition scheme?

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On 03 February 2020 at 15:43 Report
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This discussion addresses the eligibility and application period for the GST Composition Scheme for the financial year 2020-21. It also highlights important considerations for businesses opting into the scheme, particularly concerning the reversal of Input Tax Credit (ITC) on stock held at the end of March 2020 and the associated payable amounts.

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"Do the Right Thing...!!!"
128157 Points Posted on 03 February 2020
On Year end at March-20...

ITC will be reversible and Payable on Stock...
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On 03 February 2020 at 16:21
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Accounts Officer & In charge
3308 Points Posted on 08 February 2020

Which ITC has to be reversed? for the stock available with us?

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On 08 February 2020 at 11:54

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