My client was selling tax free item under old VAT regime, he had a stock of approximately 2lac of such goods. Such stock is taxable under GST @ 5%.
Can he get any ITC on stock held on the date of appointment.
My client was selling tax free item under old VAT regime, he had a stock of approximately 2lac of such goods. Such stock is taxable under GST @ 5%.
Can he get any ITC on stock held on the date of appointment.
No. If tax given at VAT stage, then you are eligible to get ITC in GST otherwise you could not get any ITC.
WE ARE TRANSPORTING UNDER GTA IN SERVICE TAX ACT NOW WHAT POSITION FOR GTA.
WE ARE TRANSPORTER NOW OUR HEAD OFFICE AT RANIPET ONE OF OUR LOADING POINT IN PUDDUCHERRY CAN WE REGISTER IN UTGST IN PONDY.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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