11 August 2017
Dear Sir, In one of my case, under VAT dealer purchase was @14.5% and Sale of same product was @2% against form C. Therefore his ITC balance was about 17 lacs on 30/06/2016. Now I have following queries regarding this - 1. Whether my ITC balance will b/f in GST regime. 2. In which return or form I have to claim this ITC. 3. Whether I have to claim it in Form 3B ?
11 August 2017
1. Whether my ITC balance will b/f in GST regime. >>> Yes ITC Balance will be brought forward in GST Regime 2. In which return or form I have to claim this ITC. >>>> You have to file Form TRAN 1 to claim the ITC as on 30/6/17 3. Whether I have to claim it in Form 3B ? >>> ITC as on 30/6/17 cannot be claimed in Form 3B. You will be eligible to claim that only after filing Form TRAN 1.
VK
Querist :
Anonymous
Querist :
Anonymous
(Querist)
11 August 2017
Whether T R A N 1 can be filed right now?