When is the filing of Form GST ITC-03 needed for a taxpayer?
In following conditions taxpayer must file Form GST ITC-03:
The taxpayer has opted for composition scheme or goods or services or both supplied. By a taxpayer becomes wholly exempt or taxpayer whose registration is canceled.
The taxpayer has availed ITC in respect of input held in stock and input contained in semi-finished goods or finished goods held in stock and on capital goods or plant and machinery.
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