if a registered person dealing with single commodity which is taxable before oct 2019 ,now it was exempted through notification under gst ,can't any body pls explain ,will he claim refund of itc
pls explain with sections and rules
In term Section 18(4) read with rule 44 , you are require to file ITC 03 by debiting credit or cash ledger , equivalent to credit of input tax in respect of goods & capital goods in stock.
Means have reverse the ITC on stock
CAclubindia
