I have converted my business from composition to regular from 01/08/2024, I have never maintained stock report and item wise stock report in all the previous years can I take Input Tax credit(By filing I.T.C-01)on the goods held as on 01/08/2024.
If yes then there will be any issues by G.S.T Department for not maintaining the stock report and do I have to face any legal chances or penalty.
If I can't take I.T.C due to not maintaining item wise stock report do I get any issues for not filing the I.T.C 01 form. | anreads Forums | anreads