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Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day?

QuestionsCategory: GSTWill ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day?
Profile photo of JayeshMehtaJayeshMehta Staff asked 2 months ago

Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day?

1 Answers
Profile photo of AdviKaurAdviKaur Staff answered 2 months ago

No, VAT does not cover services. Under it, only goods are covered.