ITC on Purchase

This query is : Open

Accounting Home Services (Querist)
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29 October 2019 Hello,

I have applied for GST Registration on 27-Oct-2019. (Mentioned Liability Date from 30-Sept-19)
between 15-25 Oct we have purchase material. Will sale once GST no get.

Can we get ITC on Material Purchase before 27-Oct-19.

Please Advice.

RAJA P M

RAJA P M (Expert)
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29 October 2019 No... ITC not available for the purchases which is before the registration... But, You can file ITC form for avail the benefit.

Accounting Home Services

Accounting Home Services (Querist)
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29 October 2019 But, You can file ITC form for avail the benefit. - Not Understand

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RAJA P M

RAJA P M (Expert)
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29 October 2019 Any purchases before registration under GST then You will ITC-1 form with Stocks and purchase details with GST taxes. After filing the ITC from then You can avail the such tax in your credit ledger as ITC...