26 March 2018
A dealer registered under vat act has closing ITC of Rs.250000 in his last return filed for 6/17.He has not migrated into gst.He has been issuing invoices on the basis of provisional gstin.Now the purchasers can not avail ITC as the seller is not filing return due to migration failure.In the meantime the proprietor dies.How can the ITC under vat act be transferred to gst, If new registration obtained by the legal heir?
CAclubindia
