Question 27 - Mr. B applies for voluntary registration on 5th June, 2017 and obtained registration on 22nd June, 2017. Mr. B is eligible for input tax credit on inputs in stock as on…………..
Input tax credit available for inputs and inputs in finished or semi finished stock upon voluntary registration; capital goods excluded. Input tax credit is available only for inputs held in stock and for inputs contained in semi finished or finished goods as of the day before voluntary ... Summary
Input tax credit available for inputs and inputs in finished or semi finished stock upon voluntary registration; capital goods excluded.
Input tax credit is available only for inputs held in stock and for inputs contained in semi finished or finished goods as of the day before voluntary registration becomes effective; capital goods are excluded from such credit.
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