If i am a trader and before gst implementation my product liable for 9% vat liability and after gst implementation product liable for 5% gst, so how i adjust my vat liability or input tax credit against gst and excess (9-5) =4% liability occur on trader which will waive or borne by the buyer....so please suggest me with proper guidelines..
Thanking You..
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How to avail benifit of output vat liability before 1 july and after 1 july with gst credit.
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Carry forward of admissible ITC as reflected in last filed VAT return is allowed
Carry forward of admissible ITC as reflected in last filed VAT return is allowed
As per section 140 (1)
As per section 140 (1)
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