Transition provision
This query is : Resolved
19 June 2017
I am register Vat dealer having ITC carried forward. On registration in GST what happen with this input tax credit.
How much I able to use it.
19 June 2017
u can carry forward input tax credit shown as per return, if you are providing exempted goods/service which is now taxable in GST you can also taken input credit of inputs contain in goods, semi finished goods or finished goods which was exempted for tax but now taxable................you can also take credit of unavailed credit of capital goods
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