whether we have to file ITC 03 for very old stocks on which no ITC claimed under TRAN 1

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....hether we have to file ITC 03 for very old stocks on which no ITC claimed under TRAN 1<br> Query (Issue) Started By: - Anurag Dhawan Dated:- 12-4-2019 Last Reply Date:- 14-4-2019 Goods and Services Ta....

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....x - GST<br>Got 2 Replies<br>GST<br>We are a small service provider and goods supplier, we have now opted for Composition under 2/2019 dt 7/3/19, we have got only very old stock in trade(before GST per....

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....iod), on which we had not taken any TRAN 1 credit. Whether under the circumstances we have to file ITC 03. Reply By KASTURI SETHI: The Reply: In my view, ITC-03 is not required to be filed. Reply B....

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....y Ganeshan Kalyani: The Reply: A person opted for composition scheme cannot take input tax credit.<br> Discussion Forum - Knowledge Sharing ....