Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

VAT input tax credit in GST

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....AT input tax credit in GST<br> Query (Issue) Started By: - Raman Singla Dated:- 14-7-2017 Last Reply Date:- 15-7-2017 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>What will the input tax cr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....edit in GST (18%) for VAT @5% ???? e.g. &#8377;10000/- paid VAT is on books for purchase of 2 lacs...now if sale is made of 2 lacs , GST wil be @15 % = &#8377;36000/- How much tax should be deposite....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d ?????? Reply By HimansuSekhar Sha: The Reply: Vat will be entered in tran 1 so that it will be available as sgst credit. Reply By Ganeshan Kalyani: The Reply: VAT credit of &#8377; 10 k will be ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eligible to you to set off against GST liability. Reply By Ganeshan Kalyani: The Reply: Yes, as said by Sri Himansu Ji VAT credit will be allowed to set off against SGST liability. Reply By Himan....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....suSekhar Sha: The Reply: Thank you sir Reply By Raman Singla: The Reply: Means It will adjusted only in SGST not in IGST ????<br> Discussion Forum - Knowledge Sharing ....