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).
\nFactory 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.
\nCan we take credit for the CVD\/SAD on these machines supported by the BOE in the Tran-1 6a?
\nReply By Somil Bhansali:
\nThe Reply:
\nYes you can avail credit of CVD and SAD in Table 6(a) based on bill of entry.
\nReply By KASTURI SETHI:
\nThe Reply:
\nIt is disputed issue. Sword of restriction of one<\/p>\n
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