Itc on closing stock

ITC / Input 487 views 6 replies
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25 Points Joined March 2017
ex.opening stock as on 01/04/16 is 20
purchase during the year 100
sale during the year 80
closing stock as on 31/03/17 is 40.
should we get itc on 40??
please clarify.
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On 22 June 2017 at 13:38 Report
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25 Points Joined April 2017
if the stock is tax paid, u need to file last 2 qrtr return and fill the information in form tran1 . you will be getting ITC.
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On 22 June 2017 at 13:45
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25 Points Joined March 2017
last 2 return means??
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On 22 June 2017 at 13:49
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8 Points Joined May 2017
last quarter of 16-17 and 1st qurt of 17-18
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On 22 June 2017 at 14:28
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Accounts Manager
266 Points Joined November 2008

Mr. N. Patel,

 

You will be avail ITC, on that stock which was not older than 1 year.

or Against C form purchase stock not avail in ITC.

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On 22 June 2017 at 15:03
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sivakasi
54 Points Joined March 2014

How much to take ITC ?

Is Fully or Partially ? (40)

 

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On 23 June 2017 at 13:26
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25 Points Joined March 2017
if you have bill then whole tax amount & if not then 40% of tax.
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On 24 June 2017 at 11:41


CCI Pro

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