I have to pay the EXCISE DUTY to the manufacturer or not under GST.

[Guest]

i want to know something related to ITC, that suppose I have a construction business in Delhi and I ordered the material from the other state . so i want to know that whether I have to pay the EXCISE DUTY to the manufacturer or not under GST.

we are a construction service provider and I would like to know that whether EXCISE DUTY paid on the cement before applicability of GST ( 1ST JULY,2017) will be allowed as credit for the payment of GST or not ?

[KASTURI SETHI]

Yes. Pay CE duty and take credit via TRANS 1.TRANS 1 can be revised.

[Vamsi Krishna]

Yes, Tax credit can be taken through Tran-1 as mentioned by Kasturi sir,

But make sure that credit shall be taken only on closing stock on the material purchased and paid ED on that.

[KASTURI SETHI]

As per latest news TRANS 1 filed after 8.11.17 can be revised.

[ANITA BHADRA]

Sir ,

Last date for filing and REVISION of Tran-1 was 30th November ..

Experts are requested to correct , if I am wrong .

Regards

[Vamsi Krishna]

Last date for filing Tran-1 is 31st Dec'17.

[Vamsi Krishna]

Hi

Last date for filing TRAN-1 is 27th Dec'17, Refer Order no. 9 & 10/2017 which is pasted below for your ready reference.

F. No. 349/58/2017-GST

Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi, the 15th November, 2017

Order No. 10/2017-GST

AI Summary

Input tax credit eligibility: pre-GST excise duty on closing stock can be claimed via Tran-1 subject to filing rules. Pre-GST excise duty paid on goods may be claimed as transitional credit via Tran-1, limited to closing stock on which duty was paid; claimants must file and, where permitted, revise Tran-1 within the government-prescribed filing and revision windows to secure that credit.