1.

What will happen to the rest of credit carried forward in respect of a regular dealer switching over to composition stream under GST, after adjusting to the inputs held in stock?;

A. Carry forward the rest of the credit
B. Credit kept in abeyance till the taxable opts for normal scheme once again
C. Credit lapses
D. Electronic credit ledger will freeze with the credit available
Answer» D. Electronic credit ledger will freeze with the credit available


Discussion

No Comment Found