Itc credit of vat in case of service provider
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2017
DEAR EXPERT...
I AM SERVICE PROVIDER UNDER EXISTING LAW, I HAVE SERVICE TAX NUMBER IN EXISTING LAW AND I AM NOT REGISTERED IN VAT.
I HAVE PURCHASE RS 20 LACS COMPUTER SYSTEM IN MONTH OF JUNE 2017 FOR FIXED ASSETS USED, I HAVE ALSO PAY VAT OF RS 94000/- OF THAT PURCHASE.
NOW I MIGRATE FROM SERVICE TAX TO GST ..
SO CAN I TAKE ITC OF RS 94000/- UNDER TRANS 1 FORM???
AND IF YES, THEN WHERE TO SHOW THAT ITC AMOUNT IN TRANS 1???
PLZ REPLY SIR...STILL I AM NOT COME OUT FROM THIS CONFUSION AND PENALTY IS ALL READY START...
I AM SERVICE PROVIDER UNDER EXISTING LAW, I HAVE SERVICE TAX NUMBER IN EXISTING LAW AND I AM NOT REGISTERED IN VAT.
I HAVE PURCHASE RS 20 LACS COMPUTER SYSTEM IN MONTH OF JUNE 2017 FOR FIXED ASSETS USED, I HAVE ALSO PAY VAT OF RS 94000/- OF THAT PURCHASE.
NOW I MIGRATE FROM SERVICE TAX TO GST ..
SO CAN I TAKE ITC OF RS 94000/- UNDER TRANS 1 FORM???
AND IF YES, THEN WHERE TO SHOW THAT ITC AMOUNT IN TRANS 1???
PLZ REPLY SIR...STILL I AM NOT COME OUT FROM THIS CONFUSION AND PENALTY IS ALL READY START...
31 August 2017
Credit of VAT not available in your case because for availing credit you need to file VAT return.
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2017
But sir in June 2017, I have only Service Tax Number and i was not registered in VAT...i have regularly filed ST 3 return.
31 August 2017
In that case you only able to avail cenvat credit under service tax.
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