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2017 will be consider in gst act

17 August 2016

Dear Expert please help me regarding new act of GST we expect that GST will be applicable from 01/04/2017. my query is, suppose i have vat refund as on 31/03/2017. whether these refund should be carry forward in GST act or this should be claim under VAT Act before taking registration of GST.

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2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 17 August 2016

Already registered dealer will be migrated to GST in probably least formality.

Refund due will be paid back, if assessed.

Available Input credits will be migrated.

TSV DIWAKAR (PROPRIETOR) (66 Points)
Replied 02 September 2016

No it will not be adjusted against GST but to apply for refund. While introducing VAT the State taxes excess remitted are refunded and VAT is separately dealt. There will not be any link.