The agent can take such credit on fulfilment of the following conditions:-
- The agent is a registered taxable person in GST;
- Both the principal and the agents declare the details of stock lying with the agents on the date immediately preceding the appointed day;
- The invoices for such goods had been issued not earlier than 12 months immediately preceding the appointed day;
- The principal has either reversed or not availed of the ITC in respect of such goods.
This provision is applicable to SGST law only – section 162A and section 162 B