ITC on goods that are in stock

Agree with Mr Murtaza Bhagat. However, you will not get ITC on capital goods bought before GST registration. 

Agree with Mr Murtaza Bhagat. However, you will not get ITC on capital goods bought before GST registration. 

No, you cannot get itc of those goods which are already purchased before GST registration

 

Please read section 18(1) for those who get registration after crossing threshold limit and want ITC on purchases where they paid GST and not getting ITC due to not having GST Number. ITC01 is the form in which they can transfer those 1 year ITC to their credit ledger and they can utilize in they outward liability after getting registration.