02 December 2023
Hello ! I started a shop ( home appliances ) in Aug 2023 and also did voluntary GST registration. While opening shop, I purchased stock amounting INR 11 Lacs ( Inclusive of CGST and SGST ). I sold appliances amounting ( approx ) Rs.60K, 130K and 270K in Aug, Sept and Oct respectively. I missed to file GST returns till date. Towards said sale, I purchased appliances amounting ( approx ) Rs.50K, 115K, 240K in Au, Sept and Oct. My original stock is as is since it is required for display in shop so didn't sold it. Now my questions are 1) Can I claim input credit on stock purchased ? 2) Can I file GST returns now ? I will be filing it first time 3) Can I claim input tax credit on appliances purchased in Aug, Sept and Oct to make that sale ? Please advise. Thanks in advance !!