Whether we can claim credit on existing stock as on 30th June?

If traders of readymade garments turnover is up to 20 lakh and not registered under existing VAT but after GST he apply for composition scheme Whether he can claim credit on existing stock as on 30th june?

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2 Answer(s)

No.

Answered on May 30, 2017.
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If you are getting registered under GST you will be eligible to claim ITC on stocks on hand provided you have tax invoice.

Answered on May 30, 2017.
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Your Answer

Gen GST