transitional provisions

129 views 3 replies
User Avatar

30 Points Joined March 2017
a dealer who was registered under VAT opting for normal VAT system and if now he opts for composition scheme under gst... then what are the provisions relating to stock lying as on 30.06.2017 .....is it necessary to reverse the set off of VAT already taken on stock
0 Reply Share Follow
On 19 July 2017 at 16:26 Report
Replies (3)
User Avatar

184 Points Joined October 2015
Required to file GST itc3 which is declaration of itc reversal/payment of tax on input,input held in semi finished goods or in fg, capital goods within 60 days
Reply
On 19 July 2017 at 16:58
User Avatar

30 Points Joined March 2017
Thnx sir... can I know the reference of section for this
Reply
On 20 July 2017 at 09:42
User Avatar

184 Points Joined October 2015
refer sec 18(4) of CGST, rule 44(4) regarding manner of reversal,rule 3(3) regarding composition
Reply
On 20 July 2017 at 11:25


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading