16 August 2022
respected sir, there is no VAT on cloth in andrhra pradesh in pre-GST regime. so no question of transitional credit relates to state tax (VAT). dealers dealing in textiles (not ready mades or made ups) purchased cloth from companies directly from states like gujarat or maharastra with purchases coverd by invoices. now the cloth is taxable under GST from 01-07-2017. can these taxable persons claim central taxes or duties paid on those goods as transitional credit which are held in stock as on 01-07-2017.please discuss thanking you
CAclubindia
