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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chatComments
Rahul Rai
watch_later 3 years, 8 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?
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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