Tran-1 credit for old Capital Goods
Query (Issue) Started By: – Avishek Modi Dated:- 19-12-2017 Last Reply Date:- 20-12-2017 Goods and Services Tax – GST
Got 7 Replies
GST
During Jan 2013 we imported machines for our factory (SSI).
Factory was registered under excise but we could not avail MODVAT for the CVD/SAD on the imported machines as our manufacturing turnover never crossed ₹ 1.5 crores and there was no excise payable by us.
Can we take credit for the CVD/SAD on these machines supported by the BOE in the Tran-1 6a?
Reply By Somil Bhansali:
The Reply:
Yes you can avail credit of CVD and SAD in Table 6(a) based on bill of entry.
Reply By KASTURI SETHI:
The Reply:
It is disputed issue. Sword of restriction of one
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