what treatment to be given on outstanding gst ITC balance as on date of shifting from regular to get composition scheme.
whether we can claim refund fot outstanding gst input tax credit balance
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shifting from regular to composition scheme
Replies (2)
File ITC 03 for Reversal of Input in Stock , capital goods as per section 18(4), CGST Act within 60 days.
So , have to reverse the ITC in credit ledger
So , have to reverse the ITC in credit ledger
Reverse the balance ITC along with the disclosure of stock
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