As per Section 18(4) of CGST Act 2017, where any regular taxpayer opts to pay tax under the composition scheme, he shall pay an amount, by way of debit in the electronic credit ledger or electronic cash ledger equivalent credit of input tax in respect of:
o inputs held in stock,
o inputs contained in semi-finished or
o inputs contained finished goods held in stock and
o inputs contained on capital goods
ITC 3 is filed for complying with the same.
Viewing 1 post (of 1 total)
You must be logged in to reply to this topic.
Required 'Candidate' login for apply this job. Click here to logoutAnd try again