GST CREDIT ON OPENING STOCK

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ST CREDIT ON OPENING STOCK<br> Query (Issue) Started By: - RAJESH CHANANA Dated:- 12-6-2017 Last Reply Date:- 12-6-2017 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Dear Experts We are imp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....orting Goods which are used for manufacture of final products on which we are taken CENVAT credit on Excise duty, & SAD. We are also importing trading goods by separate Invoice & Bill of Entry and not....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... taking any credit on CENVAT. However we take refund of SAD on goods sold in trading. Now my question is whether we can take credit on Excise duty & SAD on Opening stock on trading items (which I hav....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e cleared from custom after paying Excise duty and SAD ) which are available with us on the date of implementation of GST. Thanks Rajesh Reply By KASTURI SETHI: The Reply: Yes. You can take credit....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... Reply By Ganeshan Kalyani: The Reply: I agree with Sri Kasturi Sir&#39;s reply . In case you dont have duty paid document then credit is eligible for 40%/60% of CGST payable.<br> Discussion Forum ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....- Knowledge Sharing ....