sanjay balande (Assistant Manager (Accounts & Indirect Taxes)) (103 Points)
15 August 2017When transitional credit will be allowed to take? Whether it can be taken in July 17 return? If yes, How?
RAMESH D MODI
(Proprietor)
(4864 Points)
Replied 15 August 2017
sanjay balande
(Assistant Manager (Accounts & Indirect Taxes))
(103 Points)
Replied 15 August 2017
Whether it can be used for payment of July-17 GST liability.
Suppose GST payable is Rs. 50,00,000
ITC for July 17 is Rs. 20,00,000
Transitional Credit Excise Rs. 10,00,000
Transitional Credit VAT Rs. 6,00,000
How much tax should be paid in July17?
RAMESH D MODI
(Proprietor)
(4864 Points)
Replied 15 August 2017
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