02 April 2018
Dear Expert, I am registered under composition scheme under gst but now i want to opt out from composition scheme, so please tell the the procedure and form which is required to submit. and also tell me how to deal with stock held as on date, can i claim itc on stock held as on date of opt out from composition scheme.
please guide me.
Guest
Guest
(Expert)
02 April 2018
Yes you can claim credit held in stock.Refer composition rules for more details
02 April 2018
please explain how to calculate itc ? suppose i am dealing in gold jwellery and my stock as on date of opt out from composition scheme is rs. 100000 then what amount of itc i can claim
CAclubindia
