Section 18
Availability of credit in special circumstances
In force
Section 18. Availability of credit in special circumstances.
(1) Subject to such conditions and restrictions as may be prescribed, a person who has applied for registration within thirty days from becoming liable to registration shall be entitled to take credit of input tax in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock on the day immediately preceding the date from which he becomes liable to pay tax.
Sources & verification
- • Statutory text: View source
- • CBIC reference: cbic-gst.gov.in/sec-18.html
- Source confidence: Pending verification
Quick facts
- Section
- 18
- Chapter
- V
- Amendments
- 0
- Notifications
- 0
- Circulars
- 0
- Case laws
- 0
- Linked rules
- 5