excess VAT

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..... 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 .....

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..... 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 regime, wheth .....

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..... er can I carry forward or apply refund under existing regime, it is possible? Thanks in advance. - Reply By HimansuSekhar Sha - The Reply = You can carry forward the credit as equal to the cb of .....

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..... the last return provided you declare the same in tran 1 form and fulfilling other conditions. No refund will be allowed. - excess VAT - Query Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 29-7- .....

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..... 2017 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - ta .....

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..... xmanagementindia.com - TMI - TaxTMI - TMITax .....

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