Gst New Registration Whether Input Tax Credit Available On Stock In Hand?

Rahul Rai
2 years, 2 months ago

Whether a person who takes fresh registration after crossing turnover limit of 20 lakhs can avail input tax credit on goods lying in his godown?

1 Answer

GST Payer 2 years, 2 months ago

0

If you register within 30 days of liability to register, input can be availed on opening stock.

Input on capital goods is not allowed.

Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.

Ask your Question

You need to be logged in to answer.

Check your GST numbers in bulk. Check unlimited GST numbers with very cheap packages.

CHECK MULTIPLE GSTIN