Vat itc set off for gst payment
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2017
Dear Experts,
We have filled our Trans-1 form to claim ITC of vat. Pls let me know whether ITC of vat shall be adjust against the payment of only SGST, not for the payment of CGST & IGST,
Thanks
Rohit
We have filled our Trans-1 form to claim ITC of vat. Pls let me know whether ITC of vat shall be adjust against the payment of only SGST, not for the payment of CGST & IGST,
Thanks
Rohit
Udaya Chandran
(Expert)
03 October 2017
VAT input can be set off only against SGST.
03 October 2017
Yes...
I agreed with Mr Udaya Chandran...
VAT ITC only to adjust SGST....
I agreed with Mr Udaya Chandran...
VAT ITC only to adjust SGST....
CA Rashmi Gandhi
(Expert)
03 October 2017
If you claim ITC of VAT in TRAN-1 then same is given as SGST credit & used to set off t
CA Rashmi Gandhi
(Expert)
03 October 2017
Same is used to set off SGST or IGST Credit only
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