9911796707
TMI BlogTran 1 creditX X X X Extracts X X X X X X X X Extracts X X X X ..... Tran 1 credit X X X X Extracts X X X X X X X X Extracts X X X X ..... , the finished goods sold within the State by charging SGST and CGST in August 2017 and liable to pay Rs.12 crore under sgst Rs.6 crore and cgst Rs.6 crore. When I have huge credit Rs.10 crore with the State Government, because of Government changed existing regime from vat to Gst. Now, my liability to be discharged under CGST 6 Crore though I'm having the credit under SGST. What is the reme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dy. Please let me know, I have transitional credit issue with the department. Please cite some case laws to come out from this issue. In nutshell, is there concept of interchange adjustment of vat tran credit under cgst. Thanks in advance. Reply By Amit Agrawal: The Reply: There is no concept of using VAT credit under transition for paying CGST under GST. I am not sure how you managed to do ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that as GST portal should not have allowed you to the same. Can you please elaborate what / how is it happened (i.e. how so you manage to use VAT TRANS-1 credit for paying CGST?) and what is the transitional credit dispute? These are ex facie views of mine and the same should not be construed as professional advice / suggestion Reply By Shilpi Jain: The Reply: The transitional credit of VAT w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as transitioned by you into GST as SGST Credit or CGST And SGST?
Looks like further clarity on facts required. X X X X Extracts X X X X X X X X Extracts X X X X
|
