banner_ad

Itc credit of vat in case of service provider

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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...
Profile Image

daya shankar singh

Profile Image

daya shankar singh (Expert)
31 August 2017 Credit of VAT not available in your case because for availing credit you need to file VAT return.
Avatar

Querist : Anonymous

Profile Image
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.
Profile Image

daya shankar singh

Profile Image

daya shankar singh (Expert)
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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details