Cmp-03

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GST
3925 Points Joined October 2015
yes who moving from composition to regular he can claim ITC on his stock

by filling ITC -01
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On 18 January 2018 at 08:18
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GST
3925 Points Joined October 2015
you can claim your ITC under section 18(1)(c)
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On 18 January 2018 at 08:24
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127 Points Joined June 2017

Then - if a dealer moving from regular to composition scheme, then the tax impact will be reverse. During regular scheme the dealer used the tax as input so after composition scheme the dealer have to pay tax on the balance stock, 

 

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On 18 January 2018 at 18:37
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Financial and Taxation Consultant
206 Points Joined February 2016
my client was registered in Punjab VAT under composition scheme and now again he opts composition scheme. is he liable to file CMP 03
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On 26 January 2018 at 01:13
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articled assistant
31 Points Joined February 2009

Hello,

I am trying to filing CMP-03.

I have only stock purchased from Registered dealer as on 30.06.2017. whether any tax liability arise?.

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On 28 January 2018 at 20:42
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GST
3925 Points Joined October 2015
in my filling time i am not face any liability on registered purchase... without payment i filled my cmp03
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On 28 January 2018 at 20:44
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articled assistant
31 Points Joined February 2009

HI,

I have only purchases from registered dealer. will there be any tax liability upon filing CMP 03??

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On 28 January 2018 at 20:51


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