Shubham Singhania (Student CA Final ) (293 Points)
28 June 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 28 June 2017
Restriction is only when you are transiting to composition scheme, at that time your goods held in stock must not have centrally purchased material.
Purnima
(Professional)
(289 Points)
Replied 28 June 2017
Firstly I think above thread is more than a question a headstrong opinion.I completely agree with @ Saloni but since you wont believe me either i have attached proof herewith.Attached is the screenshot of ICAI background material on GST Act and draft rule ,2017 as published on june,2017..so plz read.Hope this helps!
Shubham Singhania
(Student CA Final )
(293 Points)
Replied 28 June 2017
CAclubindia
