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ITC IN RESPECT OF STOCK BEFORE REG.
suppose if a person voluntary registers under gst on 15 nov 2018, whether there is any provision under law for availing gst itc in respect of purchases lying in the stock made before obtaining gst trn no.or the tax paid earlier will now form part of cost while making suppy of the same after obtaing gst reg.
Replies (2)
As per section 18 CGST you can claim ITC on stock on the date you liable to pay gst or obtain registration by filing ITC 01 form
You can claim all the ITC of Input (Not capital Goods) on stock laying as on 15 nov-2018 in your case. However ITC shall not be available in respect of invoices which are more than 1 year old.
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