If a regular taxpayer opted composition scheme for fy 2019-20 and no closing stock on 31st march.19 then he need to file ITC 03 ?
No ITC available in credit ladger.
pls suggest.
7 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 24 May 2019
You have to file nil ITC-03
Kailash Pandey
(80 Points)
Replied 27 May 2019
yes, I had checked but unable to file nil return.
is it mandatory to file ITC-03 if no closing stock ?
is it mandatory to file ITC-03 if no closing stock ?
gauri shankar srivastava
(21 Points)
Replied 27 May 2019
in this case every person is confused.if nil return is mandatory.gstn number invoice date , amount is mandatory field. no option to file nil return just like 3b.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 27 May 2019
Just want to correct myself as per my updated information ITC-03 is not required to file if there is no data in it .
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
