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


Rahul Rai
watch_later 1 year, 11 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?

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1 Answer

GST Payer watch_later 1 year, 11 months ago
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If you register within 30 days of liability to register, input can be availed on opening stock.

Input on capital goods is not allowed.

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