Any Sales tax registered dealer which has stock on 30 June but he already used his credit means there is no Input Credit available for him. Now in GST he want to opt composition scheme...
Is he liable to pay any amount on Stock available with him on first day...????
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Credit Reversal Required or not in GST Composition
Replies (2)
no payment
It means he can continue with that old stock on which he already used the input credits
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