GST – Started By: – Kaustubh Karandikar – Dated:- 22-2-2019 Last Replied Date:- 24-2-2019 – XYZ(Manufacturer) had transferred the unutilized CENVAT credit laying in balance as on July 17 to Electronic credit ledger under GST through TRAN – 1. They are holding certain manufactured stocks of excise regime which they now want to write off. Are they required to proportionately reverse the input tax credit since they had transferred the unutilized CENVAT credit through TRAN – 1 from Excise regime To
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