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Trans1 - credit missed out
They r taking CGST of their service tax registration no or excise input.... And not cgst on vat.... And when u hv not paid tax ur stock then how u can take credit of that... And excise input is available only for first stage dealer and not vat dealer... Vat dealer is eligible only for SGST input... Don't mix and confused
Replies (26)
They r taking CGST of their service tax registration no or excise input.... And not cgst on vat.... And when u hv not paid tax ur stock then how u can take credit of that... And excise input is available only for first stage dealer and not vat dealer... Vat dealer is eligible only for SGST input... Don't mix and confused
Forget about service tax and excise... If any goods is exempted in vat and that time if u make purchase of that goods and that goods lying in ur stock... And later that goods taxable is vat then also u can't take credit of vat at that goods because u hv not paid any tax on that... Hope now u understand
And simple first transfer ur itc in itc refundable ac and then pass entry like SGST A/C DR TO ITC REFUNDABLE A/C.....
Output VAT A/C DR.... ITC REFUNDABLE A/C DR...... TO INPUT VAT A/C.. TO INPUT SERVICE A/C, TO CCR A/C
Then pass entry like CGST A/C DR... SGST A/C DR.... TO ITC REFUNDABLE A/C.... now ur query is resolved na??
yes understand
Divakar Sir,
Stock is missed by non accounting of rejected bill during the period of pre-gst, in such case what shall we do. the rejected bill was with transporter end, we dint had a notice of rejection of that particular bill, once we were following up for the payment, the person recently updated that the consignment was rejected and placed at xyz transport. kindly suggest us to proceed further
With the above issue, you had guided me, to take sales return, in this case - our goods having both excise and vat and if i take the rejection as of now then how can i pass the excise and vat during this period of
GST
Kindly guide me pls
Regards,
Pallavi
9900023713
Hi Diwakar Sir I'm not filed Tran 1 before due date so now the window is closed so please suggest me how to take credit of Tran 1. Whether in Vat return?
File ur refund return in vat.... Claim ur refund in vat last return
Hi Sir you mean to say in the month of June-17 vat return I need to take credit pls tell me
sir can you advise how about if the MVAT credit on which is already paid in vat regime based on the flat agreement registered value. miss out to claim in table 11 of tran1 how can we claim.??
Hi Divakar Sir can you share your contact no I have some doubts
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