Vat input to gst
pragadeeshkanna (searching) (281 Points)
20 June 2017pragadeeshkanna (searching) (281 Points)
20 June 2017
GST Samadhaan
(Director)
(38 Points)
Replied 21 June 2017
Please refer to ITC transition rules.
You dont have to pay 2% tax immediately. 3% GST can be paaid when the stock is sold. 1% VAT credit will be converted to SGST credit for which you have to submit details of VAT credit in form TRANS 01. VAT credit should be reflected in our last VAT return.
Regards
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