Accumulated CENVAT crdit

[MohanLal tiwari]

I have three manufacturing units in one state accordingly taken single GST registration for all three units.I have accumulated CENVAT credit in one unit (being mainly export supplies) whereas paying duty regularly in remaining two units. After 1st July'17, the cenvat credit of all three units will be merged in single ledger. My question is

1. whether, I will be able to use the credit balance of merged cenvat for supply from any unit?

2. Will it be advisable to have separate Sr No for invoices of all three units with some different alphabet prefix?

[DR.MARIAPPAN GOVINDARAJAN]

You can use the credit balance provided they are eligible under the GST regime.

In the migration process sl. no. of invoices will have no role, in my view.

[Vijay kumar]

1. yes

2. As per Rule 1(b) of the GST Tax invoice, credit and debit notes Rules, 2017 you can use a consecutive serial number in multiple series, using a combination of alphabets, numerals and special characters. For clear identification of supplies from the 3 units, you may utilize the facility granted in the said provision.

[Ganeshan Kalyani]

I agree with the views of the experts. Yes the credit would be allowed to carried forward under GST provided the accumulated credit is shown in the last return of the current tax regime. Yes the invoice serial number can be maintained separately for invoice, debit note, credit note etc.

AI Summary

Cenvat credit portability - merged credit usable across units if eligible and declared during GST migration.
Accumulated CENVAT credit consolidated into the GST single ledger may be used for supplies from any unit provided the credits are eligible under GST and are declared in the migration/last return; invoice serialisation may be maintained in multiple series with alphabetic prefixes to identify supplies from different units.