Naveen (student) 28 March 2021
Murtaza Bhagat (Tax & Finance Consultant) 28 March 2021
debora M (BUSINESS DEVELOPMENT MANAGER) 30 March 2021
No, you cannot get itc of those goods which are already purchased before GST registration
Murtaza Bhagat (Tax & Finance Consultant) 30 March 2021
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.