https://www.taxtmi.com/forum/issue?id=112340 Opening stock purchased in the course of inter state trade, imported, or received from an out of state branch or agent disqualifies a person from exercising the option to pay tax under the Composition Scheme; no provision exists to cure such ineligible opening stock by paying inter state tax akin to the mechanism for purchases from unregistered dealers, and prospective eligibility requires ensuring compliant opening stock and filing the prescribed option application before the financial year. en-us Fri, 14 Jul 2017 07:47:11 +0530 Thu, 23 Jan 2025 15:55:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112340 Opening stock purchased in the course of inter state trade, imported, or received from an out of state branch or agent disqualifies a person from exercising the option to pay tax under the Composition Scheme; no provision exists to cure such ineligible opening stock by paying inter state tax akin to the mechanism for purchases from unregistered dealers, and prospective eligibility requires ensuring compliant opening stock and filing the prescribed option application before the financial year. Discussion-Forum GST Fri, 14 Jul 2017 07:47:11 +0530 https://www.taxtmi.com/forum/issue?id=112340