TRANSFER OF ACD AND CVD TO GST
Query (Issue) Started By: – sachin shilamkar Dated:- 17-5-2017 Last Reply Date:- 27-5-2017 Goods and Services Tax – GST
Got 4 Replies
GST
What are the provisions under GST for transfer of ACD and CVD paid by the importer/dealer on the closing stock which will transfer to GST on 1st July when GST will get implemented.
What records need to be maintained and how to apply for the same.
Regards
Sachin
Reply By Rajagopalan Ranganathan:
The Reply:
Sir,
According to Explanation 1 & 2 appended to Section 140 of CGST Act, 2017 " eligible duties" means-
the additional duty leviable under sub-section (1) of section 3 of the Customs Tariff Act (CVD), 1975 (51 of 1975.);
(iii) the additiona
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =