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Input credit ledger related

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Nawab Consultancy

3 Points Posted on 08 November 2020

when Gst started the provisional gst no given to the vat registered firms than after they have to take gst registartion. an firm have provisonal gst no. and also orignal gst registration no. they take itc from orignal and the itc gone in provision than what he can do to make that ITC comes in provisional to real no.

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Quick Summary

This discussion addresses a common GST query regarding the transfer of Input Tax Credit (ITC) between provisional and original GST registration numbers. When a firm initially received a provisional GST number and later obtained original registration, issues arise if ITC was claimed under the provisional number. The core question is how to move this ITC to the correct, original registration, especially after the provisional number has been cancelled by the department. The consensus is that direct transfer is not possible once the provisional number is cancelled.