Surplus of cenvat

[NAVIN SINGHAL]

what will be the treatment for surplus of cenvat, service tax and vat at the time of enactment of gst.

AI Summary

Discussion on Surplus CENVAT, Service Tax, VAT Treatment Post-GST Implementation; Valid Credit Likely Under GST. A query was raised about the treatment of surplus CENVAT, service tax, and VAT upon the implementation of GST. One respondent noted that it is premature to provide a definitive answer but expressed confidence that the surplus would likely be allowed as valid credit under GST. Another respondent agreed, highlighting the importance of sharing views and experiences to enhance understanding. They emphasized the need for detailed information in queries to facilitate meaningful discussions and responses, suggesting that comprehensive background details would encourage more informed contributions from readers.