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ITC on goods that are in stock

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Only Fun Time   28 March 2021

Only Fun Time

 4 points
| My Other Post
can i get itc of those goods which are already in my stock,which i purchased before taking registration?
Naveen

Naveen (student)     28 March 2021

Naveen
student 
 14 likes  312 points
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NO. Since u didn't had GST registration at that time, u were an unregistered dealer. U can only claim ITC if ur seller file his GSTR 1 returns with ur GST number. Since he didn't, u can't claim ITC on them
Sourav

Sourav (Student)     28 March 2021

Sourav
Student 
 409 likes  6566 points
View Profile | My Other Post
No you cannot take ITC for such goods

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