TREATMENT OF UNUTLISED CENVAT CREDIT & VAT CREDIT

CA. BIJENDER KR. BANSAL (ACA, B.COM) (8143 Points)

28 July 2010  

DEAR ALL,

ALL OF YOU KNOW THAT GST WILL BE INTROUDED FROM 1ST APRIL 2011.

WHAT WOULD HAPPEN TO EXISTING ACCUMALATED & UNUTILIZED CREDIT BOTH CENVAT & VAT CREDITS AFTER INTRODUCTION OF GST?

WHAT IS THE TRANSITIONAL PROVISIONS FOR INTRODUCTION OF GST ?

PLEASE GIVE FEEDBACK WITH SUPPORTING.

THANKS IN ADVANCE.