Section 18 of CGST Act, 2017 : Section 18: Availability Of Credit In Special Circumstances

Explanation using Example

Imagine a scenario where Mr. A has been running a bakery as a sole proprietorship. The bakery was initially exempt from GST as its annual turnover was below the threshold limit. However, due to increased sales, the bakery's turnover exceeds the threshold, and Mr. A becomes liable to register for GST. He applies for GST registration within thirty days of becoming liable and receives his GSTIN (GST Identification Number).

Under Section 18(1)(a) of t...

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