Where goods (including capital goods) belonging to the principal are lying with the agents on the appointed day, will the agent be able to take ITC on the same

Question 24 – Draft-Bills-Reports – Transitional Provisions – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 24 – Q 24. Where goods (including capital goods) belonging to the principal are lying with the agents on the appointed day, will the agent be able to take ITC on the same? Ans. The agent can take such credit on fulfilment of the following conditions:- The agent is a registered taxable person in GST; Both the principal and the agents declare the details of stock lying with

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =