Q.   Can a manufacturer who was not registered in excise take credit of goods on which he doesn't have duty paying documents i.e. Can he take deemed transitional credit?

Ans.  No, as per Section 140 of CGST Act.

Q.   We have accidently filed GST amount in wrong head. Filed under Cess. Can this be changed?

Ans.  A Circular detailing the procedure for manual filing of the application form for refund will be issued shortly. Or else, the amount paid can be used to pay future tax liability.

Q.   Can an unregistered vendor with annual turnover under INR 20 Lakh supply services to SEZ Developer/SEZ Unit?

Ans.  Yes. (Refer Notf No. 10/2017-Integrated Tax dt, 13.10.2017)

Q.  Is the payment of tax required on receipt of advance in case of goods now?

Ans.  No. (Refer Notf No. 66/2017-Central Tax dt 15.11.2017)

Q.  What is the last date for filing ITC-04 for Jul-Sep Quarter,  2017?

Ans.  30th December, 2017

Q.  I am an ISD. By when can I file ITC-06 for July, 2017?

Ans.  By 31^st December, 2017

Q.   If goods are destroyed or lost due to various reasons, can a person take ITC for such goods ?

Ans.  No, a person cannot take ITC with respect to goods lost, stolen, destroyed or written off.

Input tax credit limitations: deemed transitional credit disallowed; ITC denied for destroyed goods; procedural filing and refund options outlined. Transitional input tax credit is not available to a manufacturer without excise registration and duty paying documents under Section 140; incorrectly paid tax may be refunded pursuant to a procedural circular or adjusted against future liabilities; unregistered suppliers below the turnover threshold may supply services to SEZ entities; advances for goods are not taxable; ITC cannot be claimed for goods lost, stolen, destroyed or written off, and specified filing deadlines apply for ITC returns.