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I am vat cst dealer and have no Itc available on 30/06/2017 as par vat returns and have stock of inter state purchase also, now I want composition options in GST , what to do

All QuestionsI am vat cst dealer and have no Itc available on 30/06/2017 as par vat returns and have stock of inter state purchase also, now I want composition options in GST , what to do
Lalit Panchal asked 2 months ago
3 Answers
Profile photo of Rahul ChillalRahul Chillal answered 1 month ago

After registering yourself for GST, you can opt for composition scheme. Once you login to your account you have option of converting to composition scheme.

Profile photo of Hardik Lashkarihardiklashkari Staff answered 1 month ago

Hi Lalit,
 
Regarding the stock that is lying with you on 30th June 2017 – 
CST paid on inter state purchase of goods wasn’t admissible as ITC in VAT regime, hence it can’t be claimed as ITC in GST regime also.
Regarding composition scheme, I hope you have migrated yourself from VAT to GST and have received provisional certificate. You can login using your credentials and can file application to opt for composition scheme. 

Profile photo of VIJAY JAINVIJAY JAIN answered 1 week ago

FIRST OF ALL IF YOU HAVE INTERSTATE TAXABLE STOCK ON 30 JUNE 2017 THEN YOU CANT OPT COMPOSITION SCHEME.