Lalit Panchal asked 7 years ago
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
3 Answers
Rahul Chillal answered 7 years 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.
hardiklashkari answered 7 years 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.
VIJAY JAIN answered 7 years ago
FIRST OF ALL IF YOU HAVE INTERSTATE TAXABLE STOCK ON 30 JUNE 2017 THEN YOU CANT OPT COMPOSITION SCHEME.
