I have a client he has a medical shop He Registered for GST in January but if his business is old then how to show his old stock in GSTR 3B & GSTR 1..
Please clarify..
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How to Old Stock In GST
Replies (3)
Quick Summary
If a person takes voluntary registration, just before the date of grant of registration, for all the goods he has in stock, he can claim the ITC.
ITC can be claimed in GSTR3B only. GSTR1 is for sale only.
Regards
ITC can be claimed in GSTR3B only. GSTR1 is for sale only.
Regards
He didn't have Gst before, so how would he get itc? How will the B2B party give him the itc
Yes, I agree with your concern, but law provided this option. Kindly refer section 18 for more details.
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