https://www.taxtmi.com/forum/issue?id=119236 Entitlement to input tax credit for a person exiting the composition scheme depends on filing FORM ITC-01 within the prescribed period for inputs and stock held on the withdrawal date; limited judicial condonation of delay has occurred for sufficient cause. The officer must follow show-cause, reply and order procedures before denying the composition option, and failure to follow due process may render a denial or tax demand contestable; separate penalty and assessment provisions may apply where ineligibility is found. en-us Tue, 30 Jul 2024 11:04:35 +0530 Fri, 24 Jan 2025 10:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119236 Entitlement to input tax credit for a person exiting the composition scheme depends on filing FORM ITC-01 within the prescribed period for inputs and stock held on the withdrawal date; limited judicial condonation of delay has occurred for sufficient cause. The officer must follow show-cause, reply and order procedures before denying the composition option, and failure to follow due process may render a denial or tax demand contestable; separate penalty and assessment provisions may apply where ineligibility is found. Discussion-Forum GST Tue, 30 Jul 2024 11:04:35 +0530 https://www.taxtmi.com/forum/issue?id=119236