https://www.taxtmi.com/article/detailed?id=7462 The Credit Transfer Document (CTD) allows a manufacturer to enable a GST-registered dealer to claim pre-GST central excise duty credit on specified goods cleared before GST commencement. CTDs must be serially numbered, issued within thirty days of the appointed date, include prescribed registration, invoice, transport, classification and duty details, and be supported by enclosed invoices. Use of CTDs is conditional on identifiable goods, verifiable clearance and duty records, dealer possession verification, invoice-chain maintenance, prohibition of pre-appointed-date issuance for the same goods, exclusive credit claims, and mandatory referencing of CTD numbers in dealer invoices. Manufacturers and dealers must file TRANS 3 and maintain TRANS-3A/3B records for verification, with joint liability and recovery provisions applying for duplicate credits. en-us Thu, 15 Jun 2017 07:55:28 +0530 Thu, 15 Jun 2017 07:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7462 The Credit Transfer Document (CTD) allows a manufacturer to enable a GST-registered dealer to claim pre-GST central excise duty credit on specified goods cleared before GST commencement. CTDs must be serially numbered, issued within thirty days of the appointed date, include prescribed registration, invoice, transport, classification and duty details, and be supported by enclosed invoices. Use of CTDs is conditional on identifiable goods, verifiable clearance and duty records, dealer possession verification, invoice-chain maintenance, prohibition of pre-appointed-date issuance for the same goods, exclusive credit claims, and mandatory referencing of CTD numbers in dealer invoices. Manufacturers and dealers must file TRANS 3 and maintain TRANS-3A/3B records for verification, with joint liability and recovery provisions applying for duplicate credits. Articles Goods and Services Tax - GST Thu, 15 Jun 2017 07:55:28 +0530 https://www.taxtmi.com/article/detailed?id=7462