Dear sir.
I have 10lakh stock of 18% slab in my business but I have not GST creadit in my books. so can I select Composition. after that I will have deposit tax on that stock.
excluding 1% on sales
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Stock in composition
Replies (3)
What is your current position under GST...?
Are you registered...?
yes I am regular dear in current year
Sir
it's not question of GST credit, if person switch from regular to composite has reverse the ITC avail on that stock
it's not question of GST credit, if person switch from regular to composite has reverse the ITC avail on that stock
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