whether we have to file ITC 03 for very old stocks on which no ITC claimed under TRAN 1

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..... whether we have to file ITC 03 for very old stocks on which no ITC claimed under TRAN 1
Query (Issue) Started By: - Anurag Dhawan Dated:- 12-4-2019 Last Reply Date:- 14-4-2019 Goods and Services T .....

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..... ax - GST
Got 2 Replies
GST
We are a small service provider and goods supplier, we have now opted for Composition under 2/2019 dt 7/3/19, we have got only very old stock in trade(before GST pe .....

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..... riod), on which we had not taken any TRAN 1 credit. Whether under the circumstances we have to file ITC 03. Reply By KASTURI SETHI: The Reply: In my view, ITC-03 is not required to be filed. Reply .....

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..... By Ganeshan Kalyani: The Reply: A person opted for composition scheme cannot take input tax credit.
Discussion Forum - Knowledge Sharing .....

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