Traders Eligible to Pay GST on Brought Out Goods without doing any manufacturing or deemed manufacturing activity
Query (Issue) Started By: – yogesh Panchal Dated:- 3-10-2016 Last Reply Date:- 24-12-2016 Goods and Services Tax – GST
Got 6 Replies
GST
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 b
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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.
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
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