https://www.taxtmi.com/forum/issue?id=112395 Composition scheme eligibility for a retailer depends on the character of closing stock as of the GST commencement date and the source of prior purchases; stock from inter state suppliers or unregistered sellers can preclude composition. On transition, VAT-era input credits lapse for a dealer who opts for composition, and inter state purchases affect eligibility though composition status does not per se prohibit inter state acquisition. en-us Thu, 20 Jul 2017 15:03:14 +0530 Thu, 23 Jan 2025 15:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112395 Composition scheme eligibility for a retailer depends on the character of closing stock as of the GST commencement date and the source of prior purchases; stock from inter state suppliers or unregistered sellers can preclude composition. On transition, VAT-era input credits lapse for a dealer who opts for composition, and inter state purchases affect eligibility though composition status does not per se prohibit inter state acquisition. Discussion-Forum GST Thu, 20 Jul 2017 15:03:14 +0530 https://www.taxtmi.com/forum/issue?id=112395