itc 01
in case itc01 of voluntary registration is credit of stock held(in earlier law) before registration is available? or only stock held under gst only is allowable?
Replies (5)
whether goods held as stock under earlier law is eligible for credit under form itc-01 in case of voluntary registration? or stock held in existing law only is eligible for credit in itc-01
If you were registered under earlier law than only the credit of stock will be available by furnishing form Trans1 otherwise you will not be eligible for such credit.
are its nt abt tran 1 my query is regarding itc01 in casw voluntary registration
Yes n that case you can take credit of inputs held in stock subject to you are in possession of invoices. Credit under 2 lakhs will be taken without CA certification. Otherwise you have to provide
ok thank you
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