Gst
This query is : Resolved
Sumitmehta
(Querist)
08 June 2017
We have a trading unit. I wants to know that what will be the procedure to get input credit of vat and excise of stock carry forward into GST. If we have a stock of 1 cr and excise duty is Rs 10 Lac and vat Rs 5 Lac. How much input credit we can take while moving into GST.
CA R SEETHARAMAN
(Expert)
08 June 2017
You can take input credit for entire 15 lacs provided you have tax invoices.
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