GST TRANSITION

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7 Points Joined July 2017
Is any input tax credit would be allowed on stock held as on appointment date which are exempted under pre-gst regime & later taxable @ 5% under GST?

If affirmative, then how much it would be allowed?
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On 03 August 2017 at 01:00 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Above said goods exempted In previous Tax regime then can't get ITC.....
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On 03 August 2017 at 07:13
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Proprietor
4869 Points Joined January 2010
no question of itc
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On 03 August 2017 at 08:20
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Dy General Manager
31 Points Joined April 2012
it is eligible Provider provided the new GST is applicable and stock held on 30th June 17 alone is eligible
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On 03 August 2017 at 09:14


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