Itc of input during transition period
This query is : Resolved
24 December 2018
Input Purchase during the period between when i become liable for registration as per Sec 22 till the date when i received the Registration certificate, if i apply for registration within 30 day as per rule
24 December 2018
As per sec 18 of CGST Act 2017 - A person who has applied for registration within 30 days from the date on which he becomes liable to registration is entitled to take credit of Inputs held in stock on the day immediately preceding the date from which he becomes liable to pay Tax .
Further , you can take credit for purchases during the period but you need to issue revised invoices within one month of receiving registration certificate
Further , you can take credit for purchases during the period but you need to issue revised invoices within one month of receiving registration certificate
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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Multiple trade mark
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- RULE 86B APPLICABILITY IN QRMP TAX PAYER
- Regarding appeal to GSTAT
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
