Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Gst

ABHILASHA CHATURVEDI (Student) (139 Points)

01 March 2017

Dear professionals kindly reply to this query as soon as possible, its urgent:- One of my client is trader( accordingly VAT and CST law is applicable to him). Now during the course of business he had also appointed CFA agents and availed other various other services. My question is will the cenvat credit on such services lying with the trader will be availed under GST. Please help

Reply
Follow
Share

3 Replies

ABHILASHA CHATURVEDI (Student) (139 Points)
Replied 01 March 2017

Continuation to my above query: as under current tax regime ITC and cenvat credit cannot be set -off

Upgrade to CAclubindia Pro. Subscribe Now!

ABHILASHA CHATURVEDI (Student) (139 Points)
Replied 01 March 2017

As per my knowledge, What I think is under current tax regime Input Taxcredit on Vat cannot be set-off from cenavt credit as one state tax and other is Central tax. So question unutilised Cenvat credit does not arise the trader must have charges the tax amount from its customer. Please correct me if I am wrong.

But my second Question under GST, will this set-off be allowed. Because the concerned person is trader he does not provide nay output services he just avails input services of CFA so can the GST paid on input services be set off Out put GST paid on supply of goods