Transitional credit

sammarth (student) (46 Points)

22 August 2017

i have transitional credit under vat.Will the CGST liability for the month of July get adjusted against the Brought forward Vat?

Reply
Follow
Share

3 Replies

raj waghadkar (proprietor) (44 Points)
Replied 22 August 2017

No, vat is credited under sgst

Ashok Kaundal (10 Points)
Replied 22 August 2017

IGST adjusted in IGST then CGST thereafter in SGST
CGST OR SGST can't adjust with eachother

sammarth (student) (46 Points)
Replied 22 August 2017

there will be a huge amount of working capital getting blocked because of these sh*tty dual model central and state laws

Start a New Discussion