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Gourav dewangan (Querist)
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13 August 2018 Till 1st quarter ie Apr 2018 to June 2018 I m a composite deler under gst. From 1st July 2018 I convert from composition to normal dealer. In 1st quarter I purchased goods for 1000000. Out of 1000000 goods of rs 200000 is still in stock as on today. Now I am a normal dealer. So i have to file gstr 3b for July.. Can I avail input tax credit on stock of rs 200000 when I file gstr 3b for the month of July..

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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14 August 2018 You are entitled to credit on stock held on the date of withdrawal. For this purpose, you need to file GST ITC-01 on the common portal containing details of your stock, within 30 days from the date of the withdrawal.

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