VAT input tax credit in GST
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....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....
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....edit in GST (18%) for VAT @5% ???? e.g. ₹10000/- paid VAT is on books for purchase of 2 lacs...now if sale is made of 2 lacs , GST wil be @15 % = ₹36000/- How much tax should be deposite....
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....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 ₹ 10 k will be ....
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....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....
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....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 ....