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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Registered Persons Can Claim Input Tax Credit for VAT Carryforward Under Andhra Pradesh GST Act 2017; Conditions Apply</h1> Under the Andhra Pradesh Goods and Services Tax Act, 2017, registered persons, excluding those opting for tax under section 10, can claim input tax credit for Value Added Tax (VAT) carried forward from previous returns. Conditions apply, such as admissibility under both the existing and new laws, and possession of valid invoices. Credit for capital goods not previously claimed is also allowed. Special provisions exist for those previously dealing in exempted or tax-free goods, allowing credit for inputs in stock. Credit for VAT paid on inputs received post-appointed day is possible if documented within 30 days. Calculations for credit under various subsections are prescribed.