Service tax input credit - what to do? since gst is implimen

Alfred (Nil) (27 Points)

17 October 2017  

Since GST has come into force on 1st July 2017 . i have seen that many entities are carrying forward their Input tax credit in current asset side. I feel this inflates the assets value. I am not sure what has to be done? As per me it has to be written off , is this correct?

Please do let me know at the earliest.

Thanks in advance