Hi,
A company having input VAT credit in state of Karnataka and which is accumulating since 3 to 4 years as company having exempted sales.
How to deal with the situation. can this credit carried forward to GST or can a company apply for refund??
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Input VAT credit
Replies (3)
ITC will also be carried forward under the GST and it can be set off against CGST liability.
sorry it is SGST*
what's procedures kindly some hints I will study and suggest them actually vat credit is there since 2009-2010
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