VAT input tax credit in GST

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... What will the input tax credit in GST (18%) for VAT @5% ???? e.g. ₹10000/- paid VAT is on books for purchase of 2 lacs...now if sale is made of 2 lacs , GST wil be @15 % = ₹36000/- How m .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uch tax should be deposited ?????? - Reply By HimansuSekhar Sha - The Reply = Vat will be entered in tran 1 so that it will be available as sgst credit. - Reply By Ganeshan Kalyani - The Reply = V .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... AT credit of ₹ 10 k will be eligible to you to set off against GST liability. - Reply By Ganeshan Kalyani - The Reply = Yes, as said by Sri Himansu Ji VAT credit will be allowed to set off ag .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ainst SGST liability. - Reply By HimansuSekhar Sha - The Reply = Thank you sir - Reply By Raman Singla - The Reply = Means It will adjusted only in SGST not in IGST ???? - VAT input tax credit i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n GST - Query Started By: - Raman Singla Dated:- 14-7-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax M .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... anagement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X