itc eligibility for closing stock
is cst paid customer is eligible for ITC in GST for his closing stock
Replies (13)
No since it was not eligible as ITC in vat era.
then he will be looser in GST era for his closing stock
anybody can explain how he is not eligible for ITC on his closing stock
CST purchase tax can't take as ITC in GST also in VAT....!
Then how to looser...??
Then how to looser...??
will you explain how he is not looser with illustration
Please tell me what is ITC...?
Where we have ITC on GST purchase...?
Where we have ITC on GST purchase...?
cst purchase held in closing stock can claim ITC in GST I am sure
you are saying that he can't claim ITC in GST for CST purchases held in stock
Yes...
We claim "ITC". But, CST purchase is not ITC. You know Total bill value calculated as purchase for CST purchase. Already we got benefit at the CST purchase. As per rule it's not ITC....
We claim "ITC". But, CST purchase is not ITC. You know Total bill value calculated as purchase for CST purchase. Already we got benefit at the CST purchase. As per rule it's not ITC....
thanks raja
in trans1 in which part he claim
meaningless.....!!!
means
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