Hi
Yes, ITC for capital goods purchased before GST implementation can be claimed through TRAN1 form.
Availing of ITC in commercial vehicles purchased before GST
Hi, Have purchased commercial vehicles for transportation of Goods on June 2017. Vat has been paid while purchasing these goods, therefore wanted to understand whether one could avail ITC of VAT in GST through TRANS 1 form. Vehicle Type - LCV Used for renting and transportation
Asked 6 years ago in VAT
Dear sir
50% of VAT CREDIT is availed in 2017-18 via TRANS 1 and rest 50% in 2018-19 through TRANS 1 or applicable form at that time
yes you can avail balance ITC through TRANS forms
Hello,
Have you claimed ITC in VAT ???
If you haven't then you claim the same under GST.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, FCA, LLB, CERT. FAFP
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