ITC Pertaining to preregistration period
This query is : Resolved
HIREN JOBANPUTRA
(Querist)
04 August 2021
One of our clients started business in march 2020. He took gst registration on 7th may. He paid rent invoice from march to july on 1st july20 . Invoice dated 1st july. Taxable amount rs 5lakh. and gst rs 90000 thereon. I.e. rs 1lakh per month. Can he claim full ITC IF two months march and april falling in pre gst period. Please provide relevant section if possible.
CA R SEETHARAMAN
(Expert)
05 August 2021
Invoice issued on 1st July after registration and GST is paid. Hence ITC can be claimed.
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