INPUT CREDIT IN TRANSITION
Query (Issue) Started By: – kamdev senapati Dated:- 18-7-2017 Last Reply Date:- 25-12-2017 Goods and Services Tax – GST
Got 6 Replies
GST
Sir,
We have manufacturing Crayons which fall under chapter heading no 96099090/96091000, before GST we are cleared goods under notification 01/2011, excise duty @2% without availing input credit.
Now After GST, Shall we get the credit on the stock available as on 30/06/2017 as the excise documents also available with us.
Shall we show the credit of the same in TRANS-1
Kindly Suggest…
Reply By KASTURI SETHI:
The Reply:
Not admissible.
Reply By KASTURI SETHI:
The Reply:
Even after payment of duty of 1 % 0r 2 %, these goods were treated as exempted goods.
R
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