Goods and Services Tax – Started By: – yogesh Panchal – Dated:- 3-10-2016 Last Replied Date:- 24-12-2016 – Dear All, GST Tax Experts,In current central excise law the levy of excise duty on manufactured of finished goods , also manufactured only charged excise duty, the biggest litigation and issues are goods are manufactured, deemed manufacturer, Traders, Dealers & etc. then in the Trading business Trader purchase brought out goods, do not take cenvat credit of excise & service tax, do not take any manufacturing activity on the brought out goods, do not take excise registration and brought out goods cleared without excise duty with adding profit margin, pay CST/VAT. – Reply By Ganeshan Kalyani – The Reply = Whether you are updatin
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Trader purchase brought out goods, do not take cenvat credit of excise & service tax, do not take any manufacturing activity on the brought out goods, do not take excise registration and brought out goods cleared without excise duty with adding profit margin, pay CST/VAT.Now in GST Régimes above type of Trading business liable for take credit & pay GST on brought material which not doing any manufacturing or deemed manufacturing activity????, (2 ) As per GST Model Law if the credit is not availed and not reflected in the return of march-2017 , as of now there is no provision in GST Model Law to avail the credit in future. In respect of the above condition Following Credit/paid Amount Not reflected In the Excise & Service
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