Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day

Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day https://www.taxtmi.com/acts?id=22496 A service provider is not entitled to input tax credit on inputs held as stock on the appointed day for which VAT was paid, because VAT applies only to goods and does not cover services under the transitional treatment described in the Draft Model GST FAQ. en-us Thu, 22 Sep 2016 18:13:09 +0530 Thu, 22 Sep 2016 18:13:09 +0530 TaxTMI RSS Generator Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day https://www.taxtmi.com/acts?id=22496 A service provider is not entitled to input tax credit on inputs held as stock on the appointed day for which VAT was paid, because VAT applies only to goods and does not cover services under the transitional treatment described in the Draft Model GST FAQ. Act-Rules Bills Thu, 22 Sep 2016 18:13:09 +0530 https://www.taxtmi.com/acts?id=22496