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Distrubution of ISD credit

Goods and Services Tax - Started By: - Jasbir Uppal - Dated:- 12-11-2017 Last Replied Date:- 14-11-2017 - Dear Professionals, Query No 1 The procedure for disturbution of input tax credit by ISD , the assessee is partnership firm having more than two .....

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fted from 28% to 18% On the date of effecting notification the stock of material lying on effecting date the rate of tax paid @28% but post effect the rate will be 18% on outward supply. Now our query is eligible ITC is on 28% or 18% because in VAT p .....

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r the stock because inputs have suffered higher rate of tax as per law. What has happened regarding VAT in the past is not relevant in the eyes of Central Tax. In pre-GST era there was a difference treating credit of VAT and CE and ST. - Reply By CS .....

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