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credit of gst
I have regd business under composition last month. but there were only purchase and no sale. now I am changing from composition to regular. can I take credit on goods purchased?
Replies (2)
No ITC calim on inputs in composition schme .
Yes, As per provision of sec 18(1)(c) of CGST Act you can claim the tax paid on inputs held in the stock on the day immediately preceeding the date from which you are opting normal scheme under GST.
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