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Amount of input tax

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(Querist)
17 June 2017 if a trader has a stock of items as on 01.07.17
which he has received as per following

value of item= 10000
excise@2%= 200
Vat@5%=510
total value= 10710

How much input he can avail if the rate of gst on item is 12 %.

Kindly help me ...
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Sagar Doshi

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Sagar Doshi (Expert)
17 June 2017 Hi Gurwinder,

You will get ITC of VAT Paid via balance of VAT in your last VAT return you file. Further, invoice as you mention which shows Excise Duty paid separately. Therefore, I assume that you purchase goods directly from manufacturer and have excise duty paid document, therefore you will get the ITC of Excise paid as mention on said document
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