Goods and Services Tax – Started By: – NAREN KHATRI – Dated:- 13-9-2017 Last Replied Date:- 14-9-2017 – RESPECTED SIR/S..HAVE SOME CLOSING STOCK OF GOODS PURCHASE FROM LUMPSUM TRADERS. ALSO HAVING BILLS BUT VAT NOT SHOWN IN BILL SEPARATELY.WHICH TYPE OF CREDIT AVAILABLE IN TRAN FORM, FULL VAT CREDIT OR DEEMED CREDIT..FURTHER WHICH TRAN FORM SHOULD BE USED TO AVAIL TRAN. CREDIT.THANKING YOU .. – Reply By Himansu Sekhar – The Reply = Deemed credit. Information to be put in both tran 1 and 2 forms. – Reply By Ganeshan Kalyani – The Reply = In my view deemed credit is for excise. For Vat full credit is eligible . – Reply By KASTURI SETHI – The Reply = Trans 1 is for those who are already registered under VAT or Central Excise. For newly regist
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