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
Menu
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
Recent Topics :
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
Related Topics :
CAclubindia
