yes who moving from composition to regular he can claim ITC on his stock
by filling ITC -01
Mondira Saha
(GST)
(3925 Points)
Replied 18 January 2018
Mondira Saha
(GST)
(3925 Points)
Replied 18 January 2018
Ranjit Karmakar
(124 Points)
Replied 18 January 2018
Then - if a dealer moving from regular to composition scheme, then the tax impact will be reverse. During regular scheme the dealer used the tax as input so after composition scheme the dealer have to pay tax on the balance stock,
Rohit Goyal
(Financial and Taxation Consultant)
(206 Points)
Replied 26 January 2018
sudheesh
(articled assistant)
(31 Points)
Replied 28 January 2018
Hello,
I am trying to filing CMP-03.
I have only stock purchased from Registered dealer as on 30.06.2017. whether any tax liability arise?.
Mondira Saha
(GST)
(3925 Points)
Replied 28 January 2018
sudheesh
(articled assistant)
(31 Points)
Replied 28 January 2018
HI,
I have only purchases from registered dealer. will there be any tax liability upon filing CMP 03??
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