GST INPUT CREDIT FOR PRIOR GSTIN REGISTRATION

This query is : Resolved

narender (Querist)
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13 November 2019 Dear Sir,

I have purchased some material for my shop 1 month before gst registration. Can now i take input gst credit for earlier invoice.

Regards
narender

CA Shiv Kumar Sharma

CA Shiv Kumar Sharma (Expert)
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13 November 2019 In this way, the GST Input is not allowed. You have the option to return the sales earlier made and then Issue sale Invoice Again with GST Number

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RAJA P M

RAJA P M (Expert)
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13 November 2019 @ Mr Narender., You can't claim ITC directly for previous purchased invoices. But, You can file ITC 01 form with required details then You can claim ITC...

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CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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15 November 2019 You cant claim for pre gst regisration period, it wont reflect in your 2A also.

Virendra Chaturvedi

Virendra Chaturvedi (Expert)
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15 November 2019 On the date of obtaining the GST registration, persons carrying on regular business would be holding stock of inputs, capital goods and finished goods at their place of business.

The GST paid on such goods purchased cannot be claimed as Input Tax Credit (ITC) before the date of obtaining GST registration. Only after obtaining the GST registration, taxpayers can avail input tax credit of GST paid on such inputs, capital goods and inputs in finished goods lying in stocks, from the effective date of obtaining registration.

Form GST – ITC 01 is a declaration form filed on GST portal for claiming the input tax credit by taxpayers newly registered under GST. Filing of this form is mandatory to claim ITC on such stock.