Vat input under GST

[Arun Aggarwal]

Sir

I am a registered dealer/trader in Delhi in vat.

The firm is not not doing any work from the last one and a half year with nill returns filed with no stocks.

A year before Vat authorities forced to deposit 4 lakh as advance tax , of which I have taken the input credit in my returns.

Now what should i do , surrender the vat no and take the refund, or I migrate to GST taking that input credit.

Can I get the refund of that in GST regime or I have to adjust the same in further sales if any?

Arun

[DR.MARIAPPAN GOVINDARAJAN]

Whether the proceedings for which Advance tax was forced to pay is completed?

[Arun Aggarwal]

They simply forced me to deposit and I did deposit the amount as advance vat tax and took the input

AI Summary

Input tax credit question: whether VAT-paid input can be refunded on surrender or carried into GST migration. A Delhi VAT-registered dealer with nil returns ceased trading after paying an advance VAT deposit that was taken as input tax credit. The dealer asks whether to surrender VAT registration and claim a refund of that deposit, or migrate to GST and carry forward the input credit, and whether the VAT input can be refunded or must be adjusted against future supplies.