Transition provision for service provider

This query is : Open

Just Archon (Querist)
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12 September 2017 Hello,

A service provider registered under service tax has Vat bills paid for purchase of fixed assets during period April 17 to june 17. whether he can get credit under 140(3) of transition rules?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 September 2017 If you are eligible to take the credit as per earlier laws and taken the same during purchase of assets and show in the returns under earlier law then you can carry forward the same to GST also. else you cannot take now in GST

Just Archon

Just Archon (Querist)
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22 September 2017 I was not registered under VAT and so has not utilised that credit under earlier law?
I was only registered under service tax?
So while filing TRAN1 can I get the credit of VAT mentioned on th purchase of Fixed assets and under which section of TRAN I can show the same.?

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