my client has taken vat registration in the month of sep.and he purchased the goods from the vat dealer in the month august. my question is - is he liable for the input credit on the goods purchased before he get registered under the vat act.
neha gupta (Staff) (63 Points)
05 January 2015my client has taken vat registration in the month of sep.and he purchased the goods from the vat dealer in the month august. my question is - is he liable for the input credit on the goods purchased before he get registered under the vat act.
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 06 January 2015
No he is not liable for input credit of August month purchases.
He will liable from the effective date of registration for availing input tax credit.
Piyush Tanwar
Tiwari & Associates
M- 09717468521
email - capiyushtanwar91 @ gmail.com
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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