CAN DO CLAIM ITC FY 20_21 IF CONVERT TO COMPOSIT TO REGULAR
This query is : Resolved
11 September 2020
Dear sir
my claint take composit Registration 06/08/2019 FY 19_20.at present HE want to convert Under REGULAR scheme,AFTER CONVERT TO REGULAR SCHEME can he take ITC OF CURRENT FY 20_21 FROM APRIL 2020 INVOICE ?OR FROM WHICH DATE HE WILL ELIGIBLE TO TAKE ITC
my claint take composit Registration 06/08/2019 FY 19_20.at present HE want to convert Under REGULAR scheme,AFTER CONVERT TO REGULAR SCHEME can he take ITC OF CURRENT FY 20_21 FROM APRIL 2020 INVOICE ?OR FROM WHICH DATE HE WILL ELIGIBLE TO TAKE ITC
12 September 2020
He is eligible to take credit from the date he becomes regular dealer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
