Easy Office
Easy Office

Gst regular scheme to composition scheme

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 March 2018 Good Morning All,

We are converted from GST Regular dealer to Composition dealer and we have ITC to be availed as on the date of conversion...
1. Can we claim that credit?
2.Should we have to file any return for that Credit reversal

Please guide me
Profile Image

Udaya Chandran

Profile Image

Udaya Chandran (Expert)
12 March 2018 You cannot claim credit, ITC should be reversed. You can reverse the ITC in your last return in GSTR 3B as regular taxable person.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links