can a registered trader book credit of excise duty?

[rakesh rohilla]

Dear All,

I have a query that Vat registered dealer had got an invoice dated 26.06.2017 before GST implementation and invoice showing separately Excise duty and CST of 1.5%. Can I book credit of excise duty on this bill in GST and I book the purchase against C form also. Vat dealer is not registered in Excise and he is a trader only and filled all the returns continuously.

In my view, i can book credit of excise but not on CST as i book against C form.

[Himansu Sekhar]

You can take this credfitb inn Tran 1, Please refer to sec 140(3) of cgst Act

[rakesh rohilla]

thanks himansu, i have seen trans 1 form in GST portal and I am confused about filing the details. I have only 1 excise invoice which is duty paid and rest of all are vat invoices which i have filled the return for the quarter 1-4-2017 to 30-6-2017 in DVAT. For availing credit of excise as per the query, i have to fill only one excise invoice or to fill all the details of quarter april to june 2017. please clarify it.

[KASTURI SETHI]

You will get Central Excise duty credit plus VAT credit in Trans 1 as closing balance as on 30.6.17. for utilisation of same in July, 17

[Ganeshan Kalyani]

If duty paying document is available then 100% credit is available, otherwise only 40% credit is eligible

[Himansu Sekhar]

Please fill up 7A.

[KASTURI SETHI]

Rightly opined and suggested by both experts.

AI Summary

Input tax credit for pre-GST excise duty can be claimed in TRAN-1 under transitional provisions. A VAT-registered trader can claim input tax credit of pre-GST central excise duty by recording it as a closing balance in TRAN-1 under the CGST transitional provisions; CST is not claimable where purchases are booked against a C-form. Filers should enter excise duty and VAT closing balances as on 30.6.2017 in TRAN-1 and use the specified TRAN-1 fields (including the 7A entry referenced) to record the credit. Full credit is available with duty-paying documents, otherwise limited credit eligibility applies.