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

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..... 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 period), on which we had not taken any .....

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..... 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 By Ganeshan Kalyani - .....

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..... The Reply = A person opted for composition scheme cannot take input tax credit. - whether we have to file ITC 03 for very old stocks on which no ITC claimed under TRAN 1 - Query Started By: - Anura .....

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..... g Dhawan Dated:- 12-4-2019 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementin .....

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..... dia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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