I have VAT credit on my closing stock of goods. Would i be able to claim it as a refund in my or would i be able to carry it forward and set it off against my upcoming GST liability.

Asked on January 10, 2019 in Miscellaneous.
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1 Answer(s)

VAT credit can be claimed by you in regard of closing stock held as on 30th June. For claiming a similar you are required to document Form Tran-1 . You can claim 100% of the VAT credit gave you have recorded every one of the profits required under the current law for the time of a half year promptly going before the appointed date.

Answered on January 10, 2019.
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Gen GST