GST-Input Tax Credit

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30 June ko 10 Lakh ka stock hai jo  15% VAT pr purchased hai within state. Ismein Input Kitna milega…?

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GST - Input tax credit Tax Clinic Question 2 years 1 Answer 380 views 0

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  1. taxclinic_team700

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    Are you registered under VAT previously ?

    if yes, then you will get the benefit of ITC on closing stock by way of VAT return filled by you in the month of july.

    Please provides us following information that will help us to provide correct information to you:-

    Are you registered under any previous law?
    you have proper duty paying documents?
    rate of tax on your product  under GST to get the benefit of Deemed credit?

     

     

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