Goods and Services Tax – Started By: – RAJNI TOMAR – Dated:- 9-10-2017 Last Replied Date:- 11-10-2017 – We are situated in Haryana; we were traders and registered under the existing law (Service Tax, VAT) and having import export number. We also having Branches in few states in the pre -GST regime they were also registered in VAT, & Service tax. Now, we have registered in GST and having closing stock as on 30.06.2017. In this stock some goods imported, purchased from manufacture and some stock transfer received from our Branched against Form F. We want to take credit on closing stock as on 30.06.2017. We have purchased Invoices showing Excise duty and Bill of Entry also. We have Branch s invoices but not showing Excise amount thereon.
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h VAT, Central Excise & Service Tax and TRANS-2 for those who are newly registered under GST laws. – Reply By Ganeshan Kalyani – The Reply = Sir, branches are considered as extended warehouse of the factory. Though you have received goods from factory under stock transfer invoice but actually those goods have suffered excise duty. Also, since goods were manufactured by your factory and material was dispatched to branches, so the goods lying at the breaches are duty paid and are considered to have excise invoice i.e. duty paid documents. Hence , in my view you are eligible to claim 100% credit of the duty paid. – Reply By Ganeshan Kalyani – The Reply = Sir, i welcome views of the expert collegues in this regard. Thanks. – Reply By KASTUR
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