Goods and Services Tax – Started By: – Aitha RajyaLakshmi – Dated:- 11-3-2017 Last Replied Date:- 17-4-2017 – Sir,What is the position of the credit in case of Purchases in Transit (Including Import), stock with Depot and Stock Transfer which are in Transit on the appointed day? – Reply By KASTURI SETHI – The Reply = Dear Querist, Credit on purchases in transit on the appointed day would be allowed. Regarding the remaining points, no possibility of credit. However, any change in revised model GST Act can take place. Earlier, Sections were changed. So we will have to wait for the enactment of GST for authentic reply to every query on GST. – Reply By Ganeshan Kalyani – The Reply = Let us wait for final version of GST law. – Reply By YAGAY AN
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