banner_ad

ITC availment in case of voluntary registration

ITC / Input 434 views 1 replies
If I have taken voluntarily registration, whether I can avail ITC of inputs/finished goods held in stock on preceding day? if yes, what's the process?
Replies (1)
Yes As per Section 18(1)(b) who takes Registration under Section 25(3) shall be entitled to take Credit of Input tax credit in respect of , Input held in Stock, input in semi finished goods & Inputs in finished Goods.

And in Term of Rule 40(1) need to file GST- ITC 01 online on portal within a period of 30Days from the date of becoming eligible to avail the Input Tax Credit under section 18(1).
If the claim amount exceeding 2lac the details furnished in declaration shall be duly certified by a practising CA


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details