Rule 44 says when switchover is made from composition to regular scheme, details of input goods, input semi finished goods, and inputs of capital goods held on date immediately preceding switchover date to be uploaded.
My query is, there is no mention of input services here. What if there was input service taken and gst paid on it, why can't we avail it's input credit?
This is because you have already consumed the service as and when it was provided. Since you consumed it during composition scheme therefore ITC will not be available. And for this reason also there is no stock of services being intangible and consumed as and when provided. Therefore transfer of ITC of services is not possible.
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