Goods and Services Tax – Started By: – sachin shilamkar – Dated:- 17-5-2017 Last Replied Date:- 27-5-2017 – 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.RegardsSachin – 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 additional duty leviable under sub-section (5) of section 3 of the Customs Tariff Act, 1975 (SAD) (5
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