Transitional credit for builder

GST needs to be paid on 40% of the work done. To the extent of 60% work completed you must have already raised a demand letter with Service Tax and VAT as on 30.06.2017. In case, earlier taxes has been paid over and above 60% then the same can be taken as credit in GST under section 142(11)(c). It needs to be reflected in Form TRAN 1 and transferred to GST.

Hi. No demand is raised ; just work is done 60% ; Input TAx of VAT and Service tax is paid ; Since No sale done No output tax is paid in VAT or Service tax.

Hii,

60% of constructed before 30.06.2017 and 40% of construction done after 01.07.2017.

1. 60% of Construction under vat and service tax :- you have already taken as input in your returns !!! So there is no subject of Transitional credit

2. 40% of construction after 01.07.2017 you will receive GST bill only. (GST input)

3. GST payable on 18% of value and the SAC code is 995411 ??