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