Migration: Composition to Regular
Assistance in switching from Composition to Regular scheme. Claim ITC on opening stock via ITC-01.
Growing businesses often outgrow the Composition Scheme (Turnover limit ₹1.5 Cr) or need to switch to Regular Scheme to serve B2B clients.
Key Requirement: ITC-01
When you switch, you are entitled to claim Input Tax Credit on the stock held on the day immediately preceding the switch. We assist in filing Form ITC-01 to ensure you don't lose money on your existing inventory.
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