The Opening stock as on 01.04.2017 of M/s A sold out to M/s B as per the state VAT rules. Further M/s A did not have any purchase during the month and surrender the VAT Registratation. Now the M/s B would get the ITC for the purchase made during the quarter ending June, 2017.Further M/s B has taken registratation during the month of April,2017 itself. The fist return under VAT is on July 2017.
Input tax credit
Replies (6)
yes mr. b will get credit , if A has filed the vat retturn before surrendering & mentioned tIN of Mr. b
mr. b get the credit
but various steps to be followed by mr b to avail itc under gst
Department not accept without clearing any liability, liability sowing in mismatch reports during the quarter
no under section 16, 17, 18 or 22
he can avail itc against output tax
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