an assessee was under composition scheme under RVAT and now he want to do work under regular scheme in GST.
can he claim ITC on stock lying on 30 june 2017??
he have all documents regarding the stock.
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COMPOSITION SCHEME TO REGULAR SCHEME
Replies (1)
Yes you can swtich , Have a look at the following
Validity of Composition Levy
An eligible person for scheme may also opt out of the scheme by filing an application. In case Proper Officer has reasons to believe that taxpayer is not eligible for scheme or contravened any Rules or ACT, he may issue show cause notice followed by an order denying the entailment of scheme.
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