AI OCR 
TaxTMI 
TaxTMI 
TaxTMI 
Transitional Credit- VAT to GST
X X X X Extracts X X X X
X X X X Extracts X X X X
....ransitional Credit- VAT to GST<br> Query (Issue) Started By: - vignesh VSACCOUNTOPRIVATELIMITED Dated:- 15-5-2021 Last Reply Date:- 21-5-2021 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>si....
X X X X Extracts X X X X
X X X X Extracts X X X X
....r .during VAT regime i have paid advance tax under section 12 during 2017 January and as GST was implemented in July i just C/fd in Tran-1 and started set off against ITC payable, now the department i....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s raising notice that i should apply only for the refund of excess tax under VAT and I should not setoff in GST. is that correct? can I prefer appeal? Reply By KASTURI SETHI: The Reply: Dear Sir, ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Pl. let me know about Section 12 . Of which VAT Act ? Reply By vignesh VSACCOUNTOPRIVATELIMITED: The Reply: s sir its under TNVAT! Reply By KASTURI SETHI: The Reply: Dear Sir, Advance tax is alw....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ays subject to final adjustment. In my view, the department is correct. Reply By ABHISHEK TRIPATHI: The Reply: Dear Vignesh, Under which sub-section of section 140, querist has transitioned the VAT....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... credits? So, the department is sayings instead of transition, the querist was supposed to file refund of excess tax under VAT? This seems like a dispute of transition of credit. You establish that y....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ou have done the right transition under section 140 of the TN GST Act.<br> Discussion Forum - Knowledge Sharing ....