ITC, TRANSITIONAL PROVISION,ROYALTY UNDER GST,TAX RATE DIFF WITH EARLIER REGIME

[RAJESH LANGALIA]

I have following query which you please reply as soon as possible with reference to section and law :
1. as on 30.06.2017, I have input credit lying in Capital Work in progress in terms of civil foundation work for plant and machinery. Will I be able to claim it as Input tax credit in GST regime as per provisions of 140 (2) of CGST act ?
2. If I am paying Royalty to Government, whether it would be subjected to GST and thereby would be able to avail credit of that?
3. In current tax regime, I am manufacturing non excisable product and for that service tax paid on input services or excise paid on material consumed in final non excisable products are charged to expenses. Now in GST regime, the final product is chargeable to GST, would I be able to claim ITC of earlier period up to 30.06.2017 which was an expense in earlier tax regime. please give section reference
4. In GST regime, if my output product is having lower GST tax rate and input material is having higher GST tax rate, whether I would be able to get the refund of excess credit carried forward ? if so when and how ? please give section reference.

AI Summary

Clarifying GST: ITC on Capital Work, Government Royalties, Non-Excisable Products, and Excess Credit Refunds. A user inquired about the treatment of input tax credit (ITC) and royalty under the GST regime, specifically regarding the transition from the previous tax system. The queries focused on claiming ITC for capital work in progress, the applicability of GST on government royalties, the eligibility of ITC for non-excisable products under the previous regime, and the refund process for excess credit when input GST rates are higher than output rates. The respondent provided personal views, indicating that certain credits ineligible under the old law cannot be transferred and highlighted the need for further clarity on some issues.