Input Tax Credit will be given on input stocks with conditions

Indore : Preeti Johri, assistant commissioner commercial tax department (CTD), has said that Input tax credit (ITC) would be given to those manufacturer or trader, who are manufacturing taxable goods as per previous provisions, on input stocks with conditions.

Johri stated this on the second day of three-day practical workshop organised by Commercial Tax Practitioners Association and MP Tax Law Bar Association being held at Hotel Surya on Saturday. Johri, who is master trainer of CTD, shed light on various aspects of GST. She said that at present, provisional GST migration number is being given which will be valid till next 6 months. In all cases of recovery, action would be taken in the form of GST arrears. In job work, if return is not made in six months, then Input Tax Rebate (ITR) would be reverse and recovery would be made.

Kedar Heda, secretary Commercial Tax Practitioners Association, informed that over 250 tax consultants attended the workshop.

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