{"id":71635,"date":"2025-05-22T08:21:45","date_gmt":"2025-05-22T02:51:45","guid":{"rendered":""},"modified":"2025-05-22T08:21:45","modified_gmt":"2025-05-22T02:51:45","slug":"input-tax-credit-denied-for-unsold-inventory-at-gst-transition-precedent-limits-dealer-39-s-retrospective-credit-claims","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=71635","title":{"rendered":"Input Tax Credit Denied for Unsold Inventory at GST Transition, Precedent Limits Dealer&#39;s Retrospective Credit Claims"},"content":{"rendered":"<p>Input Tax Credit Denied for Unsold Inventory at GST Transition, Precedent Limits Dealer&#39;s Retrospective Credit Claims<br \/>Case-Laws<br \/>GST<br \/>HC held that a registered dealer cannot claim Input Tax Credit (ITC) for goods remaining in closing stock that were not re-sold before GST regime introduction. The court determined that since the goods were unsold at the transition point (1.7.2017), the dealer cannot treat the input tax as credit. The judgment affirmed that GST Act&#39;s implementation effectiv<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/highlights?id=88643\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Input Tax Credit Denied for Unsold Inventory at GST Transition, Precedent Limits Dealer&#8217;s Retrospective Credit ClaimsCase-LawsGSTHC held that a registered dealer cannot claim Input Tax Credit (ITC) for goods remaining in closing stock that were not re-sol<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-71635","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/71635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71635"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/71635\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}