We have 20 lacs vat tax credit on closing stock on 30 th June, How & when we will get a refund?

We have 20 lacs vat tax credit on closing stock on 30 th June, How & when we will get a refund ?

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You can take credit of 20 lac. just you need to fill GST FORM TRAN-1 to be filed by 29th August 2017 The GST FORM TRAN-1 to contain details about the credit to be carried forward Excess VAT Credit (shown in VAT Return) shall be carried forward as SGST. Condition is:- You had previously in VAT law has filled 2 quater return.

Answered on July 7, 2017.
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Gen GST