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.
I also want to know this provision.
Thanks
Let us wait for draft GST and there after rules in this regards. I am sure that they are has to be a provision for utilisation of the accumulated credit of the past.
Definitly they will give a provision at the time of introducing GST. All the assesse having the same doubt in this regard. we will wait and see..
Chirag N Shah & Associates
Mumbai
CA Inter
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B.Com
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