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ITC on Gst
Please tell me if any person purchased capital goods before GST registration and gst charges on that capital goods approx 30-40 lac and the person who purchased that goods used this capital goods in the business first time after gst registration. I want to know that whether this input gst is adjustable with output gst after starting business or not and if adjustable then how?
Replies (4)
No... ITC not available before approval of GST registration...
In case get revised invoice after registration date them You can claim ITC as per GST rule.
In case get revised invoice after registration date them You can claim ITC as per GST rule.
You can't take ITC before the approval date of gst registration.
thanks for your reply both of u
OK. Welcome sir.................
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