Nidhi asked 7 years ago
Composition to normal scheme
I had shifted from composition to normal scheme in GST on 1st April 2018. Whether I need to file the GST ITC-01 form for taking input credit. Is it compulsory?
Answer the question1 Answers
Sachin Agrahari answered 7 years ago
Dear Sir,
As per Rule 6 sub rule (3) GST CMP 04 shall be filed before the withdrawal the scheme and as per Rule 6 sub rule (6) GST ITC- 01 may be filed containing the details of Stock .
The wording of Law itself says that GST ITC 01 is a optional for taxpayers for claiming the Input Credit Tax of Stock as on date.
