Excise duty credit on finished stock at additional place of business.

[SHIVKUMAR SHARMA]

Dear Experts

One of my friend having manufacturing unit at Surat and having additional place of business also at surat.They have lying few quantity of duty paid finished goods in closing stock at additional place of business on 30.06.2017,

Please confirm whether we can avail input tax credit of excise duty involve in closing stock at additional place of Business while filing GST TRN-1.

Please not that stock lying on 30.06.2017at additional place of business was not shown in ER-1 of June 2017 as the same was duty paid goods.

please share your expert opinion at the earliest

Thanks & Regars

AI Summary

Excise duty credit on transitional stock may be claimed in TRAN 1 if supported by duty paid documents and returns.
Eligibility to carry forward excise duty credit in TRAN 1 for finished goods at an additional place of business turns on documentary support and prior returns: duty paid stock supported by duty paying invoices and reflected as closing balances in ER 1 or VAT returns can be disclosed in TRAN 1 and claimed as transitional credit, whereas stock lacking such documentation (including certain third party depot receipts) may be ineligible for full credit and attract partial treatment; invoices should generally not be older than one year.