CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ITC availment in case of voluntary registration


Hardik Hindocha   22 October 2019

Hardik Hindocha

 115 likes  918 points

| My Other Post

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?

avater

Pankaj Rawat (GST Practitioner)     22 October 2019

Pankaj Rawat
GST Practitioner 
 3400 likes  46189 points

View Profile | My Other Post

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


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Popular Discussion


view more »



Trending Tags
audit
icsi
icai
Union Budget
gstr 9
income tax
Info Technology
Service Tax
dvat
career
tin nsdl
Others
sebi
esic
ca students
epfo
pm cares fund
coronavirus
ca exams
cag
newgstreturn
accounts
mca
gst
tcs

FM by Grant Thornton    |    x