Carry forward of Credit under GST regime
Query (Issue) Started By: – Aitha RajyaLakshmi Dated:- 11-3-2017 Last Reply Date:- 17-4-2017 Goods and Services Tax – GST
Got 5 Replies
GST
Sir,
\nWhat is the position of the credit in case of Purchases in Transit (Including Import), stock with Depot and Stock Transfer which are in Transit on the appointed day?
\nReply By KASTURI SETHI:
\nThe Reply:
\nDear Querist, Credit on purchases in transit on the appointed day would be allowed. Regarding the remaining points, no possibility of credit. However, any change in revised model GST Act can take place. Earlier, Sections were changed. So we will have to wait for the enactment of GST for authentic reply to every query on GST.
\nReply By Ganeshan K<\/p>\n
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