https://www.taxtmi.com/forum/issue?id=112756 Composition scheme applicants cannot claim input tax credit on stocks held at the time of opting; Section 10(4) bars entitlement to input tax credit and collection of tax by composition taxpayers, so pre-existing stock must be cleared by payment of GST. Commentary in the discussion notes that reverse charge need not be paid for goods purchased from unregistered suppliers before the commencement date, while cautioning that Section 10 contains additional eligibility constraints for composition status. en-us Mon, 04 Sep 2017 12:23:58 +0530 Thu, 23 Jan 2025 15:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112756 Composition scheme applicants cannot claim input tax credit on stocks held at the time of opting; Section 10(4) bars entitlement to input tax credit and collection of tax by composition taxpayers, so pre-existing stock must be cleared by payment of GST. Commentary in the discussion notes that reverse charge need not be paid for goods purchased from unregistered suppliers before the commencement date, while cautioning that Section 10 contains additional eligibility constraints for composition status. Discussion-Forum GST Mon, 04 Sep 2017 12:23:58 +0530 https://www.taxtmi.com/forum/issue?id=112756