Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day?
Question 7
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 7. Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day?
\nAns. Yes, he will be entitled to input tax credit on inputs held in stock in accordance with the provisions of section 140(3).
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