Input Tax Credit

[Navin Verma]

We are Industrial Gas manufacturer.

We are SSI unit and At present we have opted Central Excise exempted and we are not charging excise duty for sale of Gases and we have not claimed the Excise duty paid for our purchases so for . Also we have not mentioned our Excise duty portion in our ER3 Return.

As per GST regime can we claim ITC of Excise duty for our Existing purchases available in the closing stock of Gases & Capital Goods as on 30.06.2017

Please clarify.

AI Summary

Small Scale Industry Can Claim Input Tax Credit for Excise Duty on Closing Stock as of June 30, 2017. An industrial gas manufacturer, classified as a Small Scale Industry (SSI), inquired about claiming Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime. They have not charged or claimed excise duty on their sales and purchases and have not included excise duty in their ER3 Return. They sought clarification on whether they could claim ITC for excise duty on existing purchases in their closing stock as of June 30, 2017. A respondent confirmed they could carry forward input credit (Cenvat) as per procedures outlined in CBEC's FAQs.