VAT dealer , will I get Input Credit after Migration in GST?

If i have stock of 1000000/- and i am a VAT dealer , will I get Input Credit after Migration in GST?

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3 Answer(s)

Yes you wil get the VAT ITC after Migration but only with VAT.

Answered on May 25, 2017.
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As per present scenario, the input credit would be adjusted with VAT ITC , I think that several commodities tax structure in GST is different under VAT.

Answered on May 25, 2017.
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Yes surely u will get the itc after gst implentation if u have tax invoice as evidence of payment of duty and if u don’t have invoice then 40% credit can be taken and these provisions are subject to some conditions mentioned in gst law.

Answered on May 25, 2017.
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Your Answer

Gen GST