Switching to normal- composition-again to normal scheme
If anyone opted for composition scheme from 01/04/19 and at that time there was some ITC amount present in his credit ledger and then again switched to normal scheme from November 20, is he liable to reverse the ITC by ITC- 03 which was present in his credit ledger at the time of opting for composition or can he now utilize the ITC again?
Replies (1)
Yes you should file ITC 03
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
