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I have VAT credit on my closing stock of goods....

I have VAT credit on my closing stock of goods.Can I claim it as refund in my or can I carry it forward and set it off against my upcoming GST liability.


I have VAT credit on my closing stock of goods.Can I claim it as refund in my or can I carry it forward and set it off against my upcoming GST liability.


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Chiranjibi Jul. 19, 2018

VAT credit can be claimed by you in respect of closing stock held as on 30th June. For claiming the same you are required to file Form Tran-1 . You can claim 100% of the VAT credit provided you have filed all the returns required under the existing law for the period of six months immediately preceding the appointed date.

I have VAT credit on my closing stock of goods.Can I claim it as refund in my or can I carry it forward and set it off against my upcoming GST liability.


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