composition scheme

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CA final Student
43 Points Joined August 2008
Earlier covered under GVAT regular scheme & in GST opt out composition scheme. whether VAT to be paid on stock held on 30.06..???
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On 24 July 2017 at 23:33 Report
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47 Points Joined July 2017
No, input tax credit available on stock
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On 25 July 2017 at 00:47
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Properitro
34 Points Joined January 2010
yes as per rule 44 (4) of input credit rule read with composition rule you need to pay GST on stock as on 30th June 2017.
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On 25 July 2017 at 08:06


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