सेनवैट क्रेडिट GST के अंतर्गत

[Rajeev Khulbe]

मेरे सभी प्रिय विशेषज्ञ को मेरा प्रणाम

कृपया करके आप मुझे ये बता सकते हैं की GST के अंतर्गत सेनवैट क्रेडिट लेने का नियम क्या हैं। हम अपने EXCISE के सेनवैट क्रेडिट AND VAT के रिफंड को कैसे GST मैं ट्रांसफर कर सकते हैं.

धन्यवाद्

[KASTURI SETHI]

Still software of GSTN has not been released by the Govt.. However, as Section 18(1)(2(3) of draft Model GST Act, 2016, taxable person is entitled to take credit on the stock lying on the day immediately before the date of grant of registration.

[Ganeshan Kalyani]

The final draft GST law will have clarifity on such issues. Yes the credit which is disclosed in the last return under current tax regime will be carried forward in the GST and credit would be allowed.

[KASTURI SETHI]

I support the views of Sh.Ganeshan Kalyani, an expert.

[YAGAY and SUN]

However, if the goods lying in the warehouse/depots/godowns are older than 12 months then no CENVAT Credit would be passed on such goods under GST Model Law.

[DR.MARIAPPAN GOVINDARAJAN]

We are not well versed in Hindi. If it is given in English it could be useful for all of us.

[KASTURI SETHI]

Yes.Sir. It is loss to Querists as they would be deprived of the benefit from our learned experts who are not well versed in Hindi. Though Hindi is our national language, yet here is the purpose to convey the message in a language known to all learned experts.

AI Summary

Input tax credit conversion: carry forward of disclosed excise and VAT credits into GST, aged goods may be ineligible.
Under the draft Model GST Act a taxable person may claim credit on stock existing immediately before grant of registration, and credits disclosed in the last return under the current regime are expected to be carried forward into GST; however, aged goods held in warehouses or depots may be excluded from carry forward of CENVAT credit.