Goods and Services Tax – Started By: – Govind Gupta – Dated:- 24-4-2017 Last Replied Date:- 25-4-2017 – Dear SirsAs we are trader and currently not eligible for input tax credit of CVD paid on our imports and ED paid on local purchases, what is the process of computation of credit to be claimed under GST, also as we know, there are two options for your total inventory1. if you have duty paying document for the closing stock of inventory,a. you are eligible for full credit ( what will the value of credit, is it what we have actually paid or some other computed value)b. does this stock need to be less than 1 year oldc. do we need to transfer the credit to customersd. is there any time limit to clear such stock2. if we don t have duty paying
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