One of a gst registered regular scheme dealer converted to opt composite scheme.
stock value rs.25 lacs amount on tax payble or itc claimed.
Frah Saeed Answered question May 24, 2020
As per Sec 18(4) of the CGST Act, 2017, in this case such a person shall pay an amount , by way of debit to electronic credit ledger or electronic cash ledger , equivalent to credit in r/o inputs held in stock / semi-finished or finished goods held in stock.
Team Clearmytax.in
Frah Saeed Answered question May 24, 2020