Thursday, December 18, 2025 | 02:48 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

GST: Is CST paid on closing stock eligible for input tax credit?

You should not be eligible to claim input credit in respect of goods held in closing stock on 30June

Amit Bhagat
premium

Amit Bhagat

Amit Bhagat
I purchase goods from outside the state but sell these within the state. My annual turnover is less than Rs 20 lakh. As I understand, I am not required to get registered under the goods and services tax (GST). But, my suppliers refuse to supply me until I provide them with my GST Network number. Please advise.  

According to the GST law, the following categories of persons are mandatorily required to obtain registration: Persons making any inter-state taxable supply; persons required to pay tax under reverse charge; persons required to distribute input tax credit as an input service distributor; and