I am a registered dealer/trader in Delhi in vat.
The firm is not not doing any work from the last one and a half year with nill returns filed with no stocks.
A year before Vat authorities forced to deposit 4 lakh as advance tax , of which I have taken the input credit in my returns.
Now what should i do , surrender the vat no and take the refund, or I migrate to GST taking that input credit.
Can I get the refund of that in GST regime or I have to adjust the same in further sales if any?
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Whether the proceedings for which Advance tax was forced to pay is completed?
They simply forced me to deposit and I did deposit the amount as advance vat tax and took the input