what is the transitional provision for C Form credit available
Sree Vidya (student) (128 Points)
23 June 2017Sree Vidya (student) (128 Points)
23 June 2017
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 23 June 2017
You have to submit all pending C forms against supplies upto 30.6.2017 within 3 months, i.e. by 30.9.2017. Till such time input tax credit to the extent of differential VAT amount on corresponding goods will be blocked. You will get refund only after submission of C forms.