Itc availment in new registration

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157 Points Posted on 05 May 2020
If a person is liable to get register on 1st sep and he applies in time and granted registeration on 25th sep.itc of stock upto 31st August he can take.but itc b/w 1 sep to 23rd sep can he take? if yes how
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On 05 May 2020 at 12:26 Report
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Quick Summary
If you've recently registered for GST and are liable for registration from an earlier date, you can claim Input Tax Credit (ITC) on stock held up to 31st August. To claim ITC for the period between your liability date and actual registration date (e.g., 1st Sep to 23rd Sep), you must file Form ITC-01. This form allows you to declare your eligible input tax credits.

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"Do the Right Thing...!!!"
128157 Points Posted on 05 May 2020
Yes... The person can avail ITC of the stock through filing of ITC-01 Form
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On 05 May 2020 at 13:02
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"Do the Right Thing...!!!"
128157 Points Posted on 05 May 2020

See the details through the following link... 

 

 

https://cleartax.in/s/gst-itc-01-form-new-registration

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On 05 May 2020 at 13:05

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