30 March 2019
One person running medical stores regular scheme under gst. Closing stock as on 31.03.2019 4 lacs Itc 12064. Chane producure of regular to composite.
02 April 2019
Last date for switch over from regular to composition is 31.03.2019 and inputs held in stock must be reversed. i.e. any unused credit lying in credit ledger must be reversed either by way of debit to cash ledger or credit ledger.
CAclubindia
