Credit transfer documents
Query (Issue) Started By: – THYAGARAJAN KALYANASUNDARAM Dated:- 20-7-2017 Last Reply Date:- 21-7-2017 Goods and Services Tax – GST
Got 4 Replies
GST
Dear expert,
I gone through the amendment in cenvat credit rules, regarding the credit transfer document. . Any one confirm, whether my understanding is correct or not.
Every dealer who procured the goods before the appointed day(i.e respect to within one year immediately preceeding the appointed day) and having the closing stock and each items value exceeds rs. 25k should get credit transfer documents from the manufacturers within 30days from the appointed day and will be submitted within 60 days from the appointed day and shouldl be mentioned the CTD
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nct number such as chassis or engine number of a car.
The CTD shall be issued within 45 days from 01.07.2017. and copy of the corresponding invoices shall be enclosed with it.
Reply By THYAGARAJAN KALYANASUNDARAM:
The Reply:
Dear sir,
Thanks for your valuable reply. Can you explain what kind of Goods, it is only a consumer products?
Example:
One of my client dealers of industrial products which will be supplied subsequently to the manufacturers, and if he procured those goods from the manufacturers prior to 01.07.2017 i. e. Between 01.07.2016 and 30.06.2017, he shall get the CTD from the manufacturers?
As per sec 140 of cgst act if the dealer possess the copy of Invoice which shows Excise duty separately can claim entire excise dut
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