Itc credit of vat in case of service provider
Querist : Anonymous
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...
Querist : Anonymous
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