Migration to Regular from composition scheme, Goods and Services Tax - GST

[Vivek anandhan]

Dear Expert

We are now in composition category in GST. now we want to migrate to Regular category. Whether we can take credit on stock in which GST paid. In case of credit eligible please inform what form need to be filed.

Regards

Vivekanandhan

Sunbeam Generators Pvt Ltd

Posts / Replies

[KASTURI SETHI]

You will have to file an intimation in Form GST CMP-04. ITC shall be allowed on the stock lying before the date of opting out.

[Susheel Gupta]

Dear Vivekanandhan

In addition to CMP -04, u need to file ITC-01 also within 30 days

Regards

CA Susheel Gupta

8510081001, 9811004443