Itc credit of vat in case of service provider

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2017 DEAR EXPERT...

I AM SERVICE PROVIDER UNDER EXISTING LAW, I HAVE SERVICE TAX NUMBER IN EXISTING LAW AND I AM NOT REGISTERED IN VAT.

I HAVE PURCHASE RS 20 LACS COMPUTER SYSTEM IN MONTH OF JUNE 2017 FOR FIXED ASSETS USED, I HAVE ALSO PAY VAT OF RS 94000/- OF THAT PURCHASE.

NOW I MIGRATE FROM SERVICE TAX TO GST ..

SO CAN I TAKE ITC OF RS 94000/- UNDER TRANS 1 FORM???

AND IF YES, THEN WHERE TO SHOW THAT ITC AMOUNT IN TRANS 1???

PLZ REPLY SIR...STILL I AM NOT COME OUT FROM THIS CONFUSION AND PENALTY IS ALL READY START...

daya shankar singh

daya shankar singh (Expert)
Follow

31 August 2017 Credit of VAT not available in your case because for availing credit you need to file VAT return.

Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2017 But sir in June 2017, I have only Service Tax Number and i was not registered in VAT...i have regularly filed ST 3 return.

daya shankar singh

daya shankar singh (Expert)
Follow

31 August 2017 In that case you only able to avail cenvat credit under service tax.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Pavithra Doss

Phani

Mohit Kumar

Santosh Behera

CA Uzma Khan

Subscribe Now

Itc credit of vat in case of service provider

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA