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Can we adjust advance tax of VAT/CST against SGST/CGST liability . Kindly explain the transition provision in GST..
Can we adjust advance tax of VAT/CST against SGST/ CGST liability. Kindly explain the transition provision in GST.
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It depends on the state where you belong. There is different method of adjusting advance tax in different states. The advance tax paid if any is adjusted towards input tax credit on the date of transition it is admissible to carry over. - only my comment