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Input on goods

ITC / Input 179 views 4 replies
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Tax Practioner
240 Points Joined March 2011

A person was earlier unregistered in GST. He purchased dumper at that time. Now he is registered in GST. Can he claim input for purchase of tyres for those dumpers?

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On 17 August 2020 at 18:49 Report
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Tax and Business Consultant
11616 Points Joined July 2015
Yes, A registered person can claim INPUT TAX CREDIT sub to section 16 of CGST Act, i.e having valid tax invoice, Your GSTIN mentioned on invoice, ect...
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On 17 August 2020 at 18:56
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accountant
888 Points Joined January 2017
Mr. Sagar sir, at the time purchase he was not registered under GST. Then how can he claim ITC because there is no chance of his GSTN printed on invoice. Moreover the seller would have reported that sales to B2C
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On 17 August 2020 at 19:44
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Tax and Business Consultant
11616 Points Joined July 2015
@ Jacinthamary ji

He is asking for ITC relating to purchase of Tyres for that dumper (which is purchased currently), not ITC of dumper.
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On 17 August 2020 at 21:09
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accountant
888 Points Joined January 2017
Sorry I didn't look at the word tyres in the query
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On 17 August 2020 at 21:13

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