Credit transfer documents

[THYAGARAJAN KALYANASUNDARAM]

Dear expert,

I gone through the amendment in cenvat credit rules, regarding the credit transfer document. . Any one confirm, whether my understanding is correct or not.

Every dealer who procured the goods before the appointed day(i.e respect to within one year immediately preceeding the appointed day) and having the closing stock and each items value exceeds rs. 25k should get credit transfer documents from the manufacturers within 30days from the appointed day and will be submitted within 60 days from the appointed day and shouldl be mentioned the CTD reference no. In all our supply invoices with respect to the particular stock.

Thanks in advance.

AI Summary

Guidance on Credit Transfer Documents for Goods Over 25k: Key Clarifications Under Amended Cenvat Credit Rules A user inquired about the process of obtaining credit transfer documents (CTD) under the amended Cenvat credit rules in the context of GST. They sought confirmation on whether dealers with goods procured before the appointed day and valued over 25,000 need CTDs from manufacturers within 30 days, to be submitted within 60 days. An expert clarified that manufacturers registered under the Central Excise Act can issue CTDs for goods held in stock, valued over 25,000, with identifiable brand names. Another user questioned if industrial products require CTDs, while another expert noted that CTDs are generally not needed for excise-registered dealers using TRN-1.