Composition scheme
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2017
I am unregistered dealer under present law. Can i claim ITC on closing stock? if i opt composition scheme under GST. if yes, what is the rule for claiming ITC.
Guest
Guest
(Expert)
21 June 2017
1)If you were not liable to registered under the existing law then you can claim credit of input held in stock ,semi finished goods and finished goods.
2 For composition scheme see this video.
https://youtu.be/R_zW-zh5oYI
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