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Prior registration purchses can we take itc?

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This query is : Resolved

S B G and COMPANY (Querist)

20 October 2018 SIR,
ON 26.09.2018 GST REGISTRATION CERTIFICATE ISSUED BUT IN AUGUST AND SEPTEMBER JUST 15 DAYS EARLIER I HAVE MADE SOME FABRICS PURCHASES AND ALSO PAID 5% GST ON IT.
CAN I AVAIL THE ITC BENEFIT OF THOSE PURCHASES.

RAJA P M

RAJA P M (Expert)

21 October 2018 No... You can't avail the ITC benefits for the purchase which is before Registration. But, You can file ITC - 01 and avail the benefit... https://incometaxmanagement.com/Pages/GST/File-GST-Return/Filing-GST-Form-ITC-01-%20Claim-Section-18(1)(a).html

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

30 October 2026 Under Sec 18(1)(a)/(b), ITC is allowed only on inputs still in stock on the day before the registration effective date, claimed in ITC-01 within 30 days of becoming eligible, and not on invoices more than one year old (Sec 18(2)). Applying within 30 days of becoming liable also makes registration effective from the date of liability.

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