Goods and Services Tax – GST – Dated:- 7-6-2017 – A.(1) A manufacturer who was registered under Central Excise Act, 1944 (hereafter referred as manufacturer in this rule) may issue a document called Credit Transfer Document to evidence payment of duty of excise specified in the First Schedule to the Central Excise Tariff Act, 1985, paid on goods manufactured and cleared by him before the date on which CGST Act, 2017 comes into force, under the cover of an invoice issued to a person who was not registered under the Central Excise Act, 1944 but is registered under the provisions of CGST Act, 2017 (hereafter referred to as dealer in this rule), subject to following limitations, conditions and procedures to be followed – (i) The value of such goods in higher than rupees twenty five thousand per piece, bears the brand name of the manufacturer or the principal manufacturer and are identifiable as a distinct number such as chassis / engine no. of a car. (ii) Verifiable records of clearance a
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hall be enclosed with the Credit Transfer Document. (vi) Copies of all invoices relating to buying and selling from manufacturer to the dealer, through intermediate dealers, is maintained by the dealer availing credit using CTDs. (vii) CTD shall not be issued in favour of a dealer to whom invoice was issued for the same goods before the appointed date. (viii) A dealer availing credit using Credit Transfer Document on manufactured goods shall not be eligible to avail credit under provision of rule 1(4) of Transition Rules made under CGST Act, 2017 on identical goods manufactured by the same manufacturer available in the stock of the dealer. (ix) The dealer availing credit on the basis of Credit Transfer Document shall , at the time of making supply of such goods, mention the corresponding Credit Transfer Document number in the invoice issued by him under section 31 of the CGST Act, 2017. (2) Where a manufacturer issues a Credit Transfer Document such that credit of central tax is availe
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and. [Note: Rule 9 of the CENVAT Credit Rules, 2004 shall be also amended to include Credit Transfer Document in the list of documents using which credit can be availed subject to the condition that such Credit Transfer Document is issued after the appointed date and within thirty days of the appointed date ] Incorporate in TRANS 3 1 To be filed by manufacturer issuing CTDs S. No. GSTIN of the dealer whom CTD is issued Total No. of CTDs issued No. of invoices against which CTDs have been issued Total quantity for which CTD issued Total value of Goods for which CTDs have been issued Central Excise duty paid on such goods. 2 To be filed by dealer availing Credit on CTD. S. No. GSTIN of the dealer issuing CTDs Total No. of CTD received No. of invoices against which CTDs have been issued Total quantity for which CTD issued Total value of Goods for which CTD has been issued Central Excise duty paid on such goods. TRANS 3A 1 Documents to be maintained by the manufacturer issuing CTDs S. No.
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