Easy Office
LCI Learning

Vat input

This query is : Resolved 

15 June 2017 Will I get 100% of VAT Input credit in GST? I am not an excise dealer and dont have any purchase from excise delaers.

15 June 2017 You are asking about input on stock as on 30th June

15 June 2017 yes sir,i am asking about the itc i will have in books as on 30th june.


17 June 2017 Dear Sushil,

If you are registered under VAT Act then you would have filed the return under VAT Law and would have already claim ITC in return and if balance is left in last return will get convert into ITC in GST regime. No question of ITC on transition stock will apply to you if you are VAT register dealer.

17 June 2017 Thank you Sir Sagar Doshi,finally I got the perfect answer.

17 June 2017 But in addition to above my comment, since you are not a registered person under excise law, you will never get the CEVNAT Credit of the excised paid on the product you buy. For this you will the ITC if you have excise paid document with you, which will be possible if you purchase goods directly from manufacturer. However if you purchase goods from distributor, then you will get the benefit of the deemed ITC. Please refer my comments on below query

https://www.caclubindia.com/experts/itc-on-stock--2491419.asp



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query