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GST - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Switching from normal payment of tax composition scheme - ...


Transitioning to GST Composition Scheme: Determine ITC Reversal for Stock and Compliance with Regulations.

August 10, 2017

Notes     GST

Switching from normal payment of tax composition scheme - Whether the assessee is liable to reverse Input Tax Credit (ITC) on inputs or capital goods held in stock? How to calculate reversal of ITC in such case?

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