banner_ad

Time limit to claim itc on stock

227 views 5 replies
User Avatar

8 Points Posted on 29 June 2020
I want to move from composition dealer to regular dealer. I have stock which I purchased around 1 year ago.. can I claim itc in respect of those stock in form itc1 ? or any time limit for claiming itc on stock
Reply Share Follow
On 29 June 2020 at 07:42 Report
Replies (5)
User Avatar

4215 Points Posted on 29 June 2020
You may claim ITC on the stock before that you must assure that the stock are eligible for the same
12 Reply
On 29 June 2020 at 08:23
User Avatar

8 Points Posted on 29 June 2020
Is itc on upto 1 years old good can be claimed on finished goods
Reply
On 29 June 2020 at 08:35
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 29 June 2020
Yes... Keep Your purchase bills for claim ITC for the stock.
463 Reply
On 29 June 2020 at 08:41
User Avatar

8 Points Posted on 29 June 2020
Thanku so much for your valuable feedback
Reply
On 29 June 2020 at 08:42
User Avatar

4215 Points Posted on 29 June 2020
You are most welcome
12 Reply
On 29 June 2020 at 08:45


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 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details