https://www.taxtmi.com/manuals?id=2766 A person opting for composition levy must pay ITC attributable to stocks held immediately before the option: inputs pro rata by reference to invoices; capital goods prorated by remaining useful life assuming five years with months basis; ITC computed separately for integrated, central and state/UT tax; payment from electronic credit ledger if sufficient or electronic cash ledger, with any remaining credit lapsing. The person must submit FORM GST ITC-03 declaring reversal/payment within sixty days from the commencement of the relevant financial year. en-us Fri, 26 May 2023 15:28:00 +0530 Fri, 26 May 2023 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2766 A person opting for composition levy must pay ITC attributable to stocks held immediately before the option: inputs pro rata by reference to invoices; capital goods prorated by remaining useful life assuming five years with months basis; ITC computed separately for integrated, central and state/UT tax; payment from electronic credit ledger if sufficient or electronic cash ledger, with any remaining credit lapsing. The person must submit FORM GST ITC-03 declaring reversal/payment within sixty days from the commencement of the relevant financial year. Manuals GST Fri, 26 May 2023 15:28:00 +0530 https://www.taxtmi.com/manuals?id=2766