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question only for experts

19 August 2017

registration certificate shows date of August as validty from
but some purchase has been made in July from registered dealer and also some tax invoices issued and told customer that GST no. will be provided later and now I got GSTIN and provided to debtors and creditors

now my question is will I get ITC on my purchase of July and my customer on their Purchase from me?
every different CA has their own opinion

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10 Replies

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 19 August 2017

have you transitioned from earlier law or you you took new registration? ??

RAMESH D MODI (Proprietor) (4864 Points)
Replied 19 August 2017

you will get itc only for those invoices for which the itc has beeb passes to you by your suppliers via gstr 1.
JUST LIKE THIS IF U PASS ITC VIA GSTR 1 TO YOUR CUSTOMERS THEY WILL GET IT.

Kumar Gogia (49 Points)
Replied 19 August 2017

it's new registration Sir CA Akhilesh Kumar ji

Kumar Gogia (49 Points)
Replied 19 August 2017

it's new registration Sir CA akjil

Kumar Gogia (49 Points)
Replied 19 August 2017

it's new registration Sir CA akjil

Kumar Gogia (49 Points)
Replied 19 August 2017

dear Ramesh Modi ji
in return dashboard it show only August return
then how can I file July return

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 19 August 2017

since you have taken new registration your liability to collect tax will start from the date of you registration....if date of registration mentioned in your certificate is in August than you cannot file return of July as there was no liability in July........if registration date is in July than only you can file the return of July......

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 19 August 2017

however it will also depend on whether you have taken registration on compulsory basis or voluntary basis.....if registration is taken compulsorily than you liability start on the date from which you become liable to register.......on the other hand if registration is voluntary than you liability start on the date on which registration is granted

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 19 August 2017

you will get itc on the goods lying in your stock on the day before you became liable to take registration.....suppose you became liable to registration on 10 August....you will get itc on goods lying in you stock on 9th August......

CA Akhilesh Kumar Kandpal (Proprietor A K Kandpal & Associates) (1442 Points)
Replied 19 August 2017

your customer will get itc from purchases made by them from you for only those invoices which were issued on or after the date of you became liable to pay gst.....if you have charged gst from any customer before the date on which you were liable to charge gat than you must return that amount to customer