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Vat credit to be carried forward under gst

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2017 I am textile manufacturer and exempt under VAT. However I have input tax credit of vat paid on purchase of yarn of Rs 2 lacs during last year and i have shown them as ITC under vat return.

Now my question is can I carry forward this ITC under GST ? This ITC is for manufacture of exempt product under VAT but in GST the same is taxable @ 5%.

Please clarify if anyone can. Thanks in advance
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Trinadharao Adigarla

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Trinadharao Adigarla (Expert)
27 June 2017 All ITC Carried Forwards To GST but All Purchase Bills available
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