Transitional credit -service tax to gst
This query is : Resolved
samkasvala
(Querist)
03 September 2017
ABC Pvt ltd was service provider from 2012 and registered under service tax . In 2015 it started trading in goods and registered under VAT and discontinued service providing but service tax registration is still there and regularly filing service tax return and accumulating ITC . MY question if ABC pvt ltd has ITC of Rs 75 lakhs in its service tax return for the period ending on 30.06.2017 can he c/f to GST ?
03 September 2017
No...
ABC limited Can't get ITC for the service tax Balance...
Bcoz, They Stopped his service related works on 2015... ITC allowed for period of 01/07/2016 tp 30/06/2017. So, This C/F ITC can't C/F to GST...
ABC limited Can't get ITC for the service tax Balance...
Bcoz, They Stopped his service related works on 2015... ITC allowed for period of 01/07/2016 tp 30/06/2017. So, This C/F ITC can't C/F to GST...
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