Composition to Regular

166 views 8 replies
I am opting out from composition scheme I have itc available when I was composition scheme

How can I get that ITC when I am transferring to regular.
Replies (8)

YOU CAN'T 

AFTER EFFECT DATE OF CONVERSION , THEN YOU CAN ONLY TAKE ITC 

And the ITC during composition which is already in stock

CANT BE UTILISED ...

Itc will not be provided in this case.

U ARE NOT SO CLEVER TO OPT COMPOSITION AND PAY LESS TAX 

AND AFTER THAT OPT REGULAR AND CLAIM ITC DURING COMPOSITION 

SO DONT DO SUCH WORK 

Well said Mr Naveen chand.....

THANKS U VINOD G smiley

Dear Pawan Gupta,

You can surely claim ITC paid on purchase of goods which are in stock on the day immediately preceding the from which you liable to pay tax under regular scheme.

 

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