Goods and Services Tax – Started By: – THYAGARAJAN KALYANASUNDARAM – Dated:- 29-7-2017 Last Replied Date:- 30-7-2017 – Dear expert, As per sec 140(1) of GST act says, any excess ITC under the existing regime will be carry forward to GST regime. Whereas under existing regime, we buy the goods locally @14.5% and sells it as interstate trade @2% CST against form c, so we have huge excess ITC. My query my client having huge excess credit till June 2017, when I'm filing July return under GST reg
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