GST credit for goods in Transit -reg

[venkat eswaran]

Dear Experts,

Invoice bills in June and matl received in july under GST regime how we can take the Excise Credit.

Is there any provision in GST portal to enter this or we have to give report to Excise and Sales tax for taking credit for carryforward in GST?

Some people are stopping transaction due this confusion

Pl share your views

Thanks in advance

Venkat

[vk agarwal]

Excise credit can be taken as CGST provided invoice is entered in records within one month from 1.7.2017. A statement is required to be submitted on portal electronically within 60 days of all such credit taken

AI Summary

GST credit: may be claimed as CGST if invoices entered within one month and reported electronically within sixty days.
Excise credit for goods received after the GST effective date can be taken as CGST if the supplier invoice is entered in records within one month from 1.7.2017, and a statement of all such credits must be submitted electronically on the GST portal within sixty days.