Itc on stock for trader of goods & service provider

Please share your views on ITC credit available on stock lying on 30.06.2017 with a Trader of Goods registered under state VAT and registered under Service Tax also providing taxable services.

Whether deemed credit as per sub-section (3) of section 140 of CGST Act can be claimed by such dealer?

Replies (1)

Deemed credit only in case the product/service was exempt under earlier laws and now taxable under gst.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register