How do i avail transition credit in GST
2 Replies
prasad Nilugal
(3914 Points)
Replied 18 March 2021
No you can not avail transit credit in GST , because as per section 16 (2) of the CGST act 2017 , you have to fulfil 4 Conditions to avail ITC , and one of condition is you must receive Goods or Services .
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 18 March 2021
The time to avail transition credit has expired
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
