13 August 2018
Till 1st quarter ie Apr 2018 to June 2018 I m a composite deler under gst. From 1st July 2018 I convert from composition to normal dealer. In 1st quarter I purchased goods for 1000000. Out of 1000000 goods of rs 200000 is still in stock as on today. Now I am a normal dealer. So i have to file gstr 3b for July.. Can I avail input tax credit on stock of rs 200000 when I file gstr 3b for the month of July..
14 August 2018
You are entitled to credit on stock held on the date of withdrawal. For this purpose, you need to file GST ITC-01 on the common portal containing details of your stock, within 30 days from the date of the withdrawal.
CAclubindia
