ITC ON PURCHASE JUST BEFORE GETTING REGISTRATION
Sheetal Devaki (Proprietor) (171 Points)
09 February 2019
Is ITC available on purchases made before getting registration under GST?
Sheetal Devaki (Proprietor) (171 Points)
09 February 2019
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 09 February 2019
No, primary condition for claiming input tax credit is to be a registered taxable person.
Also, since you had no GST registration, the purchases made before getting GST registered would have been shown as B2C transaction by supplier and not B2B.
pritesh
(CA Final student)
(7101 Points)
Replied 09 February 2019
Afreen Fatima
(Aricle Assisstant (Final Year))
(129 Points)
Replied 10 February 2019
CAclubindia
