Question 15 - Mr. A applies for voluntary registration on 5th June, 2017 and obtained registration on 22nd June, 2017. Mr. A is eligible for input tax credit on inputs in stock as on …………..
FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 10 Input Tax Credit
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Input tax credit on inputs in stock is claimable as at the cut off date immediately before registration becomes effective. Eligibility for input tax credit exists for inputs held in stock and inputs contained in semi finished or finished goods as at the cut off date ... Summary
Input tax credit on inputs in stock is claimable as at the cut off date immediately before registration becomes effective.
Eligibility for input tax credit exists for inputs held in stock and inputs contained in semi finished or finished goods as at the cut off date immediately preceding the registration effective date; such inputs qualify for credit when voluntary registration is obtained, subject to the GST scheme's documentary and procedural requirements.
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