Duty paid inventory held at branches

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guruprasad (Querist)
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23 November 2016 Dear Experts,

A Registered person under existing central excise laws sent FG to its Branches with payment of Central Excise Duty before appointed date since its Stock transfer.

Please clarify the Registered person can get Input credit which was paid on stock transfer?

if yes please quote the transitional section.

CA Suresh Jain

CA Suresh Jain (Expert)
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06 December 2016 Yes, the registered person shall be entitle for input credit. Please refer to section 18 of revised draft of GST law dated 25.11.2016

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guruprasad

guruprasad (Querist)
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06 December 2016 thanks for your reply