Gst law in J& K will be different. Whether credit will be eligible for purchases made from J&k to outside j&k?
No itc will be available as j&k is out of GST
In this case supplier will be treated as Unregistered person and hence no input credit is available. Further receiver may have to deposit IGST under reverse charge.
GST is the out side the ambit of J&K. As of now by referring existing legislation no input available. Since they are not charging IGST. Please refer Sec 2(121) of CGST Act for more clarification.
It all depends on the law which is yet to be framed by J and K government. Till th at time all businesses of the state wiLL be treated as unregistered.
GST law is applicable all over india except J and K. Hence ITC on supplies from J and K will not be available.