VAT input tax credit in GST
Query (Issue) Started By: – Raman Singla Dated:- 14-7-2017 Last Reply Date:- 15-7-2017 Goods and Services Tax – GST
Got 5 Replies
GST
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
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