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compound dealer migrated to regular dealer opening ITC calculation
on 1.4.2018 a compound dealer migrated to regular dealer and how to calculate opening ITC and in what form tobe summit in gst portal _ explain please sir
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File a declaration in Form ‘GST ITC-01’. The credit may be availed for inputs held in stock, Inputs contained in semi-finished or finished goods held in stock or capital goods.
The input tax credit can be claimed for invoice up to one year prior to the date of grant of approval /opting out of composition
Applicant has filed application for registration within <30 days>
Can be Calculate the Opening Stock on FIFO method
The input tax credit can be claimed for invoice up to one year prior to the date of grant of approval /opting out of composition
Applicant has filed application for registration within <30 days>
Can be Calculate the Opening Stock on FIFO method
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