Input tax credit on closing stock
Query (Issue) Started By: – Umesh Golecha Dated:- 16-7-2017 Last Reply Date:- 17-7-2017 Goods and Services Tax – GST
Got 3 Replies
GST
dear sir
\nour client is a retailer dealing in textile and ready made garments . since fabric is exempt from excise can we claim credit on the stock of fabric held as on 30th June 2017 or should we interpret exemption of fabric as conditional exemption and therefore making them eligible for credit under gst provision<\/p>\n
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