Credit Transfer Document
Query (Issue) Started By: – SUSHIL GOYAL Dated:- 8-6-2017 Last Reply Date:- 10-6-2017 Goods and Services Tax – GST
Got 4 Replies
GST
What is Credit Transfer Document, as an amendment in Cenvat Credit Rules is proposed by GST Council at its meeting held on 3.6.2017.
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nThe balance of cenvat credit as per your return filed under existing law prior to the appointed date for implementation of GST Law will be the document on the basis of which you will be allowed to transfer the balance of credit available with you to electronic credit ledger. The procedure for such transfer is given in rule 1 of GST – TRANSITIONAL PROVISIONS – Final Rules 04-06-2017.
\nReply <\/p>\n
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