could we utilise the balance credit of Cenvat and Vat lying on 30th June 17 on GST liability on July 17
Basudev Sarkar (34 Points)
10 August 2017could we utilise the balance credit of Cenvat and Vat lying on 30th June 17 on GST liability on July 17
DINESH S PATEL
(SALES TAX & ACCOUNT)
(2 Points)
Replied 10 August 2017
upasana gupta
(Finance Professional)
(3931 Points)
Replied 10 August 2017
You have to fill form TRANS 1 and TRANS 2 form to avail the credit of the closing stock as on 1 june 2017
santosh wani
(article)
(105 Points)
Replied 10 August 2017
Bajrang Agrawal
(2 Points)
Replied 11 August 2017
Arun Gupta
(Tax Professional )
(222 Points)
Replied 11 August 2017
NO,
you can not utilise your june month c/f credit for GSt payment of July month
as TRAN form has not been filed yet
as per rules you have to file GSTR 3B and upload summary wise details and pay GST liability
Arun Gupta
(Tax Professional )
(222 Points)
Replied 11 August 2017
@ Bajrang Agarwal
aapko VAT & EXCISE ka credit GSTR 3B me nai milega
you can take same after filing TRAN form
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