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Vat ITC C/F in GST

ITC / Input 225 views 6 replies
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42 Points Posted on 03 September 2019
hello.
I have file my client VAT return of 2017-18. on February 19.
I have balance capital goods ITC
is more than 6L.
now.
can I take same ITC in GST
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On 03 September 2019 at 14:37 Report
Replies (6)
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Tax Consultant
1024 Points Posted on 03 September 2019
No now you can't transfer it. so you have to claime it into VAT
1 Reply
On 03 September 2019 at 15:29
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42 Points Posted on 03 September 2019
means I have to claim refund in VAT.
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On 03 September 2019 at 15:31
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Tax Consultant
1024 Points Posted on 03 September 2019
yes sir beacouse now trans form are closed
1 Reply
On 03 September 2019 at 15:33
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banglore
1496 Points Posted on 03 September 2019
Sorry to tell that amount is not eligible for refund under VAT and cant be transferred to GST as due date for TRAN-1 form is completed.
6 Reply
On 03 September 2019 at 19:24
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42 Points Posted on 03 September 2019
thanks, mean i have bare this loss.
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On 03 September 2019 at 21:12
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banglore
1496 Points Posted on 03 September 2019
yes to be expensed off
6 Reply
On 03 September 2019 at 22:23


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