watch_later 20/09/17

I am dealing in textile goods which was having zero rated tax prior to GST.

My registration under GST was applied for on 2.8.17 and GST registration was allotted on 16.08.17. Technically, I should have regd wef 1.7.17 but due to industry uncertainity things got delayed.  

However, I had purchased material with GST wef 22.7.17. Please enlighten:

a) how to avail input credit on GST paid material bought from 22.7.17.

b) I carry stock of pre GST zero rated tax.Am i liable to pay GST on such sale or is there any provision which will allow me to avail ITC. 

Thanks

No replies yet. Join the discussion. Reply
JOIN LARGEST DISCUSSION PLATFORM

Sign up to discuss taxation, accounting and finance topics with experts from all over India.

Join Discussion