Itc
This query is : Resolved
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..
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
