A taxpayer, not registered under earlier tax regime, took GST No. on 10th Sep. 2017. The closing stock on 9th Sep. 2017 has stock on which he has paid GST (from July 1 to Sep. 9 2017). Will he be able to claim the ITC of GST paid on stock in hand as on 9th Sep. 2017? If yes, which forms to file for it and what is the procedure. Kindly avise.
Form ITC-01 not yet available on GST Portal?
The TRN and ARN were received on 30th Aug. 2017. In RC, the Date of Liability is blank and Date of Certificate is 10th Sep. 2017. From which date the liabilty of GST arise - Date of ARN or Date of RC issued. The taxpayer has filed 3B from Sep. 2017.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
