TaxTMI 
TaxTMI 
It is expected that with effect from 01.04.2017 GST will be introduced. Definitely there will be balance of CENVAT credit for every manufacturer or provider of output service as on 31.03.2017. Such credit could not adjusted in GST. Whether such balance may be allowed to be refunded? Any opinion in this regard please.
CENVAT CREDIT BALANCE
28 Sep 2016 
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Transitional input tax credit: registrants may carry forward CENVAT balances into GST upon timely registration.
Transitional entitlement allows persons who timely register to take credit of input tax for inputs and goods held in stock immediately before GST commencement, subject to conditions; input service credit disclosed in the last return is eligible, capital goods receive phased transitional recognition, and refund of residual CENVAT balances was considered doubtful. (AI Summary)
Transitional entitlement allows persons who timely register to take credit of input tax for inputs and goods held in stock immediately before GST commencement, subject to conditions; input service credit disclosed in the last return is eligible, capital goods receive phased transitional recognition, and refund of residual CENVAT balances was considered doubtful. (AI Summary)