https://www.taxtmi.com/forum/issue?id=113240 Eligibility to claim input tax credit on stock as of 30.6.17 depends on documentary proof and adjustment against output tax on sales of that stock; absent invoices full credit will not be allowed, records will be examined, and the 40/60 split is provisional and subject to adjustment. Claiming ineligible credit exposes assessees to reversals, interest and potential show-cause notices, so returns and reversal obligations must be complied with and supporting records maintained. en-us Sat, 23 Dec 2017 07:07:33 +0530 Thu, 23 Jan 2025 15:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113240 Eligibility to claim input tax credit on stock as of 30.6.17 depends on documentary proof and adjustment against output tax on sales of that stock; absent invoices full credit will not be allowed, records will be examined, and the 40/60 split is provisional and subject to adjustment. Claiming ineligible credit exposes assessees to reversals, interest and potential show-cause notices, so returns and reversal obligations must be complied with and supporting records maintained. Discussion-Forum GST Sat, 23 Dec 2017 07:07:33 +0530 https://www.taxtmi.com/forum/issue?id=113240