Transition provsion.

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22 Points Joined July 2017
One of my client was selling b2b tax free goods under the old VAT regime; later such goods is taxable under GST @ 5 percent. so how can and how much ITC credit can be taken on stock in hand as on appointment date?
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On 06 July 2017 at 11:29 Report
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account exe
593 Points Joined August 2011

As goods was tax free under old tax regime so no question arise to take credit.

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On 06 July 2017 at 11:54
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22 Points Joined July 2017
that means that the tax on old stock is to be paid by dealer out of pocket.
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On 06 July 2017 at 12:02


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