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🌟 GST Rule 44 in 60 Seconds! 😍📘🔥 | ITC Reversal on Cancellation & Composition 🚀...!!! #gstupdate
🎯 What happens to your ITC when you cancel GST registration or switch to Composition Scheme? Rule 44 gives the answer! 👉 Reverse ITC on Stock Raw materials, semi-finished & finished goods — ITC must be reversed based on purchase invoices. 📦 👉 Capital Goods ITC Reversal GST considers 60 months (5 years) as useful life. Remaining ...
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