GST / EXCISE

[SUNIL NAMA]

DEAR SIR ,

WE ARE ON THE VERGE OF STARTING A NEW UNIT IN MARCH 2017 - NOW SINCE GST IS AROUND THE CORNER , PLEASE ADVICE

1 } SHOULD WE TAKE NEW CENTRAL EXCISE REGISTRATION FOR NEW UNIT OR WAIT TILL GST COMES IN TOO TAKE CENVAT CREDIT OF NEW MACHINES COMING IN MARCH ?

2) OR SHOULD WE TAKE NEW EXCISE REGISTRATION AND TAKE CREDIT AND WAIT FOR GST TO TRANSFER THE CREDIT IN IGST .

3) WILL IGST AND CGST BE USABLE ACROSS VARIOUS UNITS SINCE WE HAVE ONLY ONE GST NUMBER PER STATE ?

PLS ADVICE

THANKS

SUNIL

[KASTURI SETHI]

Sh.Sunil Ji,

Apply for new Central Excise Registration now. Regarding GS, still situation is fluid. Nothing can be said about the exact date of implementation of GST

[YAGAY andSUN]

We endorse the views of Respected Kasturi Sir.

[Ganeshan Kalyani]

The compliances that need to be done under current tax regime cannot or should not be withheld for new tax regime to come. As said by learned experts Sri Kasturi Sir and Sri Yagay and Sun the registration need to be taken.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Ganeshan Kalyani.

AI Summary

Central excise registration: obtain new registration now and proceed with existing compliances despite pending GST. Obtain a new Central Excise Registration now and carry out existing regime compliances; do not withhold actions to secure Cenvat credit pending GST. The contributors emphasize that GST implementation timing and the mechanisms for credit conversion or the future usability of IGST/CGST across units remain uncertain and cannot presently be determined.