Yes, it is true that a person registered under GST laws shall be entitled to take credit of eligible duties even if he was not registered under earlier laws and not filed any return under existing law. The objective of…
This article relates to Unutilized balance of VAT Credit (under UT VAT laws) standing on 30.06.2017. A registered person under GST (other than those who opt to pay GST under Composition Levy) shall be entitled to take the…
This article relates to Unutilized balance of VAT Credit (under State VAT laws) standing on 30.06.2017. A registered person under existing State laws will be allowed to take ‘State VAT credit’ carried forward in the return (under existing…
In this article, we are going to discuss the transitional provisions under GST acts (CGST, SGST and UTGST) regarding input tax credits of capital goods unavailed as on 30.06.2017. Concept of this transitional provision is same in all…
Transitional Provisions in case of Unutilized balance of CENVAT Credit (of Excise Duty) lying in books as on 30.06.2017 (Section 140(1) under CGST Act) A registered person under GST (other than those who opt to pay GST under Composition Levy)…
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