Transition under composition scheme

nishant agrawal (35 Points)

28 July 2017  
Sir,
When I have closing" taxable stock" at the time of migration, on which ITC already consumed against output.

So what was the transitional proses of that kind of goods,
- M I liable to paid on reverse charge basis ?

Or
- pay only @ 1% on sale only?

Note : at present I am an composition dealer.


Please answers when sure.

Thanking you