TaxTMI 
TaxTMI 
R/S
One dealer taken Reg. on Composition from 18/08/2017 and he withdraw ,composition from 01.04.2018 onwords. can he get inputs held in stock before 01.04.2018. if yes than which return fillied either ITC1/2/3 and what is last date for it.
Regarding ITC on stock held
22 May 2018 
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Input tax credit on stock allowed after withdrawal from composition; must file prescribed withdrawal and stock statements promptly.
A composition dealer cannot take input tax credit while under the scheme; upon withdrawal or threshold breach the option lapses and the dealer may claim input tax credit on inputs, inputs contained in semi finished or finished goods, and on capital goods held on the date of withdrawal by filing the prescribed transition statement detailing such stock within the limited statutory period. (AI Summary)
A composition dealer cannot take input tax credit while under the scheme; upon withdrawal or threshold breach the option lapses and the dealer may claim input tax credit on inputs, inputs contained in semi finished or finished goods, and on capital goods held on the date of withdrawal by filing the prescribed transition statement detailing such stock within the limited statutory period. (AI Summary)