Section 18(1)(a) of the CGST Act, 2017 & Rule 40 of the CGST Rules, 2017 - GST Press Discussions
Section 18(1)(a) of the CGST Act, 2017 & Rule 40 of the CGST Rules, 2017
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Jun 11, 2026 3:27 AM
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M/s ABC Traders, a registered dealer in Rajasthan, obtained GST registration on 15 May 2026. On the date of registration, the firm had the following stock available:
Raw Material: ₹2,00,000 + GST ₹36,000
Tax Invoices available.
Goods intended to be used for taxable supplies.
The proprietor wants to claim ITC on this stock.
