Gst on existing stock?
Ankush (Student) (1364 Points)
12 June 2017
How much input can be taken? Please share details.
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 12 June 2017
I am not clear about WIP and FG Stocks
But for Rawmaterials and Consumables since GST to be implemented on 1.7.2017 the date of Invoice of supplier eligible for credits should be from 1.6.2016 in other words 12 months purchased stocks are eligible for Input credit
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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