TaxTMI 
TaxTMI 
Under maharashtra value added tax developers and builders were not allowed any Set off. The incomplete work is carried forward as work in progress. Do they will be entitled for credit of vat amount paid in last 12 months? And the Central exise amount paid separately or otherwise ? Please clarify
Transitional provisions for vat Set off in case of construction of residential complex service
26 Aug 2017 
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VAT transitional set-off may be barred where prior regime disallowed input credits, limiting carryforward and prompting administrative recourse.
Where prior VAT returns show no closing input credit balance, credit cannot be carried forward via TRANS-1, and transitional provisions bar set-off for amounts relating to supplies or units excluded from VAT set-off under the earlier rules; central transitional rules similarly exclude credits tied to notified exemptions, while CENVAT credit may be allowable unless specifically disallowed, so administrative representations may be pursued for relief. (AI Summary)
Where prior VAT returns show no closing input credit balance, credit cannot be carried forward via TRANS-1, and transitional provisions bar set-off for amounts relating to supplies or units excluded from VAT set-off under the earlier rules; central transitional rules similarly exclude credits tied to notified exemptions, while CENVAT credit may be allowable unless specifically disallowed, so administrative representations may be pursued for relief. (AI Summary)