Credit on goods lying on stock as per GST
This query is : Resolved
05 November 2016
if suppose i had a stock as on 31st march 2017 of Rs 70 Lakhs which is purchased from different state say Maharashtra on which cst 2 per is charged so can i get credit of that stock as per GST regime?
Rajat Aggarwal
(Expert)
07 November 2016
one shall be entitle to credit only when ITC on such good were admissible under earlier law and is also eligible under GST. since credit of CST is not available in earlier law, hence can't claim under GST Law
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