Transitional itc
This query is : Resolved
Sabita Sahoo
(Querist)
29 September 2017
Sir,
In table 7c,what does the phrase "total input tax credit claimed under earlier law" mean? Is it same as put in table 5c ?
In table 7c,what does the phrase "total input tax credit claimed under earlier law" mean? Is it same as put in table 5c ?
Udaya Chandran
(Expert)
04 October 2017
You need to mention the input credit as per your last return under VAT, Excise, Service tax in 5C.
7C is related to the below persons - not liable to register under previous law, manufacturer of exempted goods/services, dealers and composite dealers.
7C is related to the below persons - not liable to register under previous law, manufacturer of exempted goods/services, dealers and composite dealers.
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