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Transitional provisions on registration subsequent to crossing of SSI exemption limit of 1.5 Crores

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(Querist)
31 December 2016 Can input credit(IC) be availed on stocks held and on capital goods at the time of registration consequent upon crossing of threshhold limit of 150 lakhs.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
31 December 2016 No, you can not claim IC for existing stock and capital goods.

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