I am compostion dealer with old stocks worth 5 lakh, can i go for composition scheme after submitting VAT on stock?

I am traders business of resaler We accept composition scheme 1℅ as per gst rule’s. Stock in hand as on 30 June 2017 about 5.lakh. To 5 lakh ka stock he uske upr Vat bharna padega uske bad gst composition scheme me ja sakenge.

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Yes u have to deposit vat on stock

Answered on July 14, 2017.
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