TaxTMI 
TaxTMI 
Regarding verification of Input Tax Credit claims for new registrations, registered after the prescribed time limit under CGST/RGST Act, 2017
X X X X Extracts X X X X
X X X X Extracts X X X X
....itional Commissioners (Adm.) State tax, Rajasthan, Jaipur Sub .:- Regarding verification of Input Tax Credit claims for new registrations, registered after the prescribed time limit under CGST/RGST Act, 2017. Section 25 of the RGST Act provides for procedure for registration. Sub- section of (1) of Section 25 is reproduced here :- "Every person who is liable to be registered u....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... stock on the day immediately preceding the date from which he becomes liable to pay tax under the provisions of this Act." The manner of claim of such ITC has been laid down in rule 40 of the Rajasthan Goods and Services Tax Rules, 2017 which provides that :- 40. Manner of claiming credit in special circumstances.- (1) The input tax credit claimed in accordance with the provisions of ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....x credit under sub- section (1) of section 18, or within such further period as may be extended by the Commissioner by a notification in this behalf, shall make a declaration, electronically, on the common portal in Form GST ITC-01 to the effect that he is eligible to avail the input tax credit as aforesaid: Provided that any extension of the time limit notified by the Commissioner of Sta....
X X X X Extracts X X X X
X X X X Extracts X X X X
....prescribed time limit under Goods and Service Tax Act, 2017. Further, it has been objected and asked that in cases where the taxpayers have applied for registration after thirty days from the date on which they were liable for registration, what procedure is adopted to check the veracity of claims of Input Tax Credit (ITC), if any, on pre- registration stock. Therefore, it is directed that all ....