CLOSING STOCK OF LUMPSUM GOODS AS ON 30.06.2017
Query (Issue) Started By: – NAREN KHATRI Dated:- 13-9-2017 Last Reply Date:- 14-9-2017 Goods and Services Tax – GST
Got 7 Replies
GST
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:
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