INPUT CREDIT IN TRANSITION
Query (Issue) Started By: – kamdev senapati Dated:- 18-7-2017 Last Reply Date:- 25-12-2017 Goods and Services Tax – GST
Got 6 Replies
GST
Sir,
\nWe have manufacturing Crayons which fall under chapter heading no 96099090\/96091000, before GST we are cleared goods under notification 01\/2011, excise duty @2% without availing input credit.
\nNow After GST, Shall we get the credit on the stock available as on 30\/06\/2017 as the excise documents also available with us.
\nShall we show the credit of the same in TRANS-1
\nKindly Suggest…
\nReply By KASTURI SETHI:
\nThe Reply:
\nNot admissible.
\nReply By KASTURI SETHI:
\nThe Reply:
\nEven after payment of duty of 1 % 0r 2 %, these goods were treated as exempted goods.
\nR<\/p>\n
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