watch_later 09/06/17

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?

1 Response | Latest response: 09/06/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 09/06/17

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

JOIN LARGEST DISCUSSION PLATFORM

Sign up to discuss taxation, accounting and finance topics with experts from all over India.

Join Discussion