In Vat regime we are in normal scheme, but after GST from month of July we migrated to GST on Composition Scheme- NOW WE REQUIRE TO FILE CMP - 03 on gst portal ??? please advise
In Vat regime we are in normal scheme, but after GST from month of July we migrated to GST on Composition Scheme- NOW WE REQUIRE TO FILE CMP - 03 on gst portal ??? please advise
in case of new registration on voluntary basis - CMP-03 FILE compulsary
Thank you very much, madam
I talk with some CA, they advise me that -the stock which I have disclose in CMP 03, I have to pay full tax i.e. 18% on disclosing stock, If I avail full input in Vat regime ?? I am very confuse - please clear my doubt
I talk with some CA, they advise me that -the stock which I have disclose in CMP 03, I have to pay full tax i.e. 18% on disclosing stock, If I avail full input in Vat regime ?? I am very confuse - please clear my doubt
May be department later on asking for tax after filling CMP - 03
As per my understanding, the ITC taken on purchases held on stock as on 30.06.2017, needs to be reversed.
Looking for more expert advice
If some dealer moving from composition dealer to regular scheme then the dealer will be claim input on the closing stock at the day of moving to regular scheme.
I am not saying you are saying wrong, I have little confusion .....
CAclubindia
