Input credit refund

ITC / Input 139 views 1 replies
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accountant
17 Points Joined January 2019
i am opting composition from April and i have a credit of rs 35000 available in my credit ledger at the time of opting composition .What can i do this credit?
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On 23 January 2020 at 10:25 Report
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1184 Points Joined December 2019
Refund of accumulation ITC can be availed only in two situations-
1. Inverted rate supplies.
2. Zero rated supplies i.e. export
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On 23 January 2020 at 19:23


CCI Pro

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