Can an entity that does has not migrated to GST (secondary migration) before 01.07.2017, be eligile to utilize the credit of ST, VAT and ED carried forward uptil 30.06.2017 under transitional provisions?
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Gst transition provisions
Replies (3)
Sharu let me clear u, if u dnt migrate urself and dnt surrender your rc under current law before 01/07
U will be automatically migrated. Then u want or not have to follow gst rules. Plan accordingly.
My query was whether on not migrating before the specified date, do i miss out on the carry forward of unutilized credit.
Since you say we will be automatically migrated, i guess we can carry forward the credit.
Thank you Preeti!
Yes sharu ,u can carry forward the itc even if migrate after appoint ed date
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