What mode of transaction it will be

[akash lalka]

There is a case

Eg. if A sends material from (delhi) to B it is in (west bengal), he does billing in excise and vat on 25 june 2017.and B receives goods on 4 july 2017. so is this Transaction possible in GST provision and the good is a capital investment for B.

AI Summary

GST Provisions Allow 100% CENVAT Credit for June 2017 Transaction via TRANS-1 Form, Even for Capital Investments. A user inquired about the applicability of GST provisions for a transaction where goods are sent from Delhi to West Bengal, billed with excise and VAT in June 2017, and received in July 2017. The goods are a capital investment for the recipient. The response confirmed that under GST, this transaction is possible. The recipient can declare the transaction in the TRANS-1 form and claim 100% CENVAT credit, despite the goods being a capital investment.