I am opting out from composition scheme I have itc available when I was composition scheme
How can I get that ITC when I am transferring to regular.
YOU CAN'T
AFTER EFFECT DATE OF CONVERSION , THEN YOU CAN ONLY TAKE ITC
Pawan Gupta (401 Points)
28 May 2018
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 28 May 2018
YOU CAN'T
AFTER EFFECT DATE OF CONVERSION , THEN YOU CAN ONLY TAKE ITC
Pawan Gupta
(401 Points)
Replied 28 May 2018
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 28 May 2018
U ARE NOT SO CLEVER TO OPT COMPOSITION AND PAY LESS TAX
AND AFTER THAT OPT REGULAR AND CLAIM ITC DURING COMPOSITION
SO DONT DO SUCH WORK
Kalpesh
(Chartered Accountant)
(349 Points)
Replied 28 May 2018
Dear Pawan Gupta,
You can surely claim ITC paid on purchase of goods which are in stock on the day immediately preceding the from which you liable to pay tax under regular scheme.
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