Input Tax Credit When Migrating To Normal Tax Levy From Composition Levy?

Rahul Rai
watch_later 3 years, 8 months ago

If a person who is paying tax under composition levy scheme migrates or changes to normal tax levy, whether he can avail credit on stocks remaining to be sold?

Whether input tax credit is available only on closing stock or capital goods also?

  • chatComments
1 Answer

GST Payer watch_later 3 years, 8 months ago

Input on opening stock and capital stock can be taken when shifted from composition scheme to normal scheme.

  • chatComments
Did Not get Answer?

Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.

Ask your Question

You need to be logged in to answer.

Ask Question