banner_ad

itc on old stock

ITC / Input 339 views 4 replies
User Avatar

1 Points Joined July 2017
I am registered in excise an vat. What to do about the old stock purched before gst. Did i get input tax credit for it. If yes than how?
0 Reply Share Follow
On 03 July 2017 at 00:45 Report
Replies (4)
User Avatar

Finance Professional
3931 Points Joined May 2015

Yes you will get input credit for Excise and VAT both in case you have paid the tax while purchasing any raw material or any input goods you will get the input credit at the same rate you have paid the tax.

1 Reply
On 03 July 2017 at 00:59
User Avatar

2 Points Joined July 2017
good advice
Reply
On 03 July 2017 at 01:51
User Avatar

Superintendent
86 Points Joined July 2011
Just go through section 140 of the cgst Act and the transition rules.
Reply
On 03 July 2017 at 06:24
User Avatar

ADVOCATE
7557 Points Joined October 2010
ITC (cenvat credit & vat credit) should not have been availed earlier. No double benefit pl. In case not availed, you should apply GST Tran 1 form before 29.08.2017.
Reply
On 03 July 2017 at 07:23

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details