Goods and Services Tax – Started By: – Raman Singla – Dated:- 14-7-2017 Last Replied Date:- 15-7-2017 – 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 much 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 = VAT
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