Please reply us the following queries:- 1. I am an exporter and my output VAT liability is Nil, because of this I am having huge Input Tax credit of VAT in the books as well as in VAT return as on 30.06.2017. So my query is, what is the the amount of carry forward of VAT ITC in GST as on 01.07.2017. Whole VAT ITC will be carry forward or only VAT ITC related to closing stock will be carry forward?
2. How the carry forward VAT ITC will be set off against SGST, CGST & IGST?
3. We are maintaining books of accounts electronically. Can we issue manual challan for job n transfer stock to other unit?
4. E-way bill is postponed up to two months. So my query is, Form 38 is required on purchase outside state?
Please reply the above queries as earliest as possible.
My e-mail id is penzaccount@gmail.com