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Introduction:  This article presents a matrix about how to claim input tax credit on opening stock as per transitional provisions u/s 140 of CGST Act, 2017 in respect of various type of situations.

Matrix of Input Tax Credit on opening stock in Transitional Provision as per section 140 of CGST Act, 2017:


In case of a Excise and VAT Registered Manufacturer

S. No.

Type of Purchase

Section

Stock

CGST Credit Amount

Section

Stock

SGST Credit Amount

i)

Excise plus Vat Invoice

140(1)

FG, SMG, RM

Cenvat C/f as per Return of Excise

140(1)

FG, SMG, RM

Vat C/f as per Vat returns

ii)

Excise plus CST Invoice

140(1)

FG, SMG, RM

Cenvat C/f as per Return of Excise

140(1)

FG, SMG, RM

Vat C/f as per Vat returns

iii)

Excise plus Sales tax exempt Invoice

140(1)

FG, SMG, RM

Cenvat C/f as per Return of Excise

140(1)

FG, SMG, RM

Vat C/f as per Vat returns

iv)

Import Invoice

140(1)

FG, SMG, RM

Cenvat C/f as per Return of Excise

140(1)

FG, SMG, RM

Vat C/f as per Vat returns

v)

Non Excise plus Vat Invoice

140(1)

FG, SMG, RM

Cenvat C/f as per Return of Excise

140(1)

FG, SMG, RM

Vat C/f as per Vat returns

vi)

Non Excise plus CST Invoice

140(1)

FG, SMG, RM

Cenvat C/f as per Return of Excise

140(1)

FG, SMG, RM

Vat C/f as per Vat returns

vii)

Kaccha Bill or No Invoice

140(1)

FG, SMG, RM

Cenvat C/f as per Return of Excise

140(1)

FG, SMG, RM

Vat C/f as per Vat returns

viii)

Credit of Excise and VAT on Capital Goods

140(2)

Balance unclaimed      can be C/f if permissible under both the existing law & GST law

140(2)

Balance        unclaimed can be C/f if permissible under both the existing law & GST law



In case of a Manufacturer Unregistered in Excise but Registered in VAT

S. No.

Type of Purchase

Section

Stock

CGST Credit Amount

Section

Stock

SGST Credit Amount

i)

Excise plus Vat Invoice

140(3)

FG, SMG, RM

100% of Excise in Bill as CGST

140(1)

FG, SMG, RM

Vat C/f as per Vat Returns

ii)

Excise plus CST Invoice

140(3)

FG, SMG, RM

100% of Excise in Bill as CGST

140(1)

FG, SMG, RM

Vat C/f as per Vat Returns

iii)

Excise plus Sales tax exempt Invoice

140(3)

FG, SMG, RM

100% of Excise in Bill as CGST

140(1)

FG, SMG, RM

Vat C/f as per Vat Returns

iv)

Import Invoice

140(3)

FG, SMG, RM

100% of Excise & SAD in BOE as CGST

140(1)

FG, SMG, RM

Vat C/f as per Vat returns

v)

Non Excise plus Vat Invoice

140(3)

FG, SMG, RM

NIL

140(1)

FG, SMG, RM

Vat C/f as per Vat Returns

vi)

Non Excise plus CST Invoice

140(3)

FG, SMG, RM

NIL

140(1)

FG, SMG, RM

Vat C/f as per Vat Returns

vii)

Kaccha Bill or No Invoice

140(3)

FG, SMG, RM

NIL

140(1)

FG, SMG, RM

Vat C/f as per Vat Returns

viii)

Credit of Excise and VAT on Capital Goods

NA

NIL

140(2)

Balance        unclaimed can be C/f


In case of a Importer Trader, FSD or SSD registered in Excise and Vat

S. No.

Type of Purchase

Section

Stock

CGST Credit Amount

Section

Stock

SGST Credit Amount

i)

Import Invoice

140(3)

FG

100% of Excise & SAD in BOE as CGST

140(1)

FG

Vat C/f as per Vat returns

ii)

Excise plus Vat Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(1)

FG

Vat C/f as per Vat Returns

iii)

Excise plus CST Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(1)

FG

Vat C/f as per Vat Returns

iv)

Excise plus Sales tax exempt

Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(1)

FG

Vat C/f as per Vat Returns

v)

Non Excise plus Vat Invoice

140(3)

FG

Deemed Credit

CGST

140(1)

FG

Vat C/f as per Vat Returns

vi)

Non Excise plus CST Invoice

140(3)

FG

Deemed Credit

CGST

140(1)

FG

Vat C/f as per Vat Returns

vii)

Kaccha Bill or No Invoice

140(3)

FG

Deemed Credit

CGST

140(1)

FG

Vat C/f as per Vat Returns

viii)

Credit of Excise and VAT on Capital Goods

NA

NIL

140(2)

Balance        unclaimed can be C/f


In case of a Importer Trader unregistered in Excise but registered in Vat

S. No.

Type of Purchase

Section

Stock

CGST Credit Amount

Section

Stock

SGST Credit Amount

i)

Import Invoice

140(3)

FG

100% of Excise & SAD in BOE as CGST

140(1)

FG

Vat C/f as per Vat returns

ii)

Excise plus Vat Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(1)

FG

Vat C/f as per Vat Returns

iii)

Excise plus CST Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(1)

FG

Vat C/f as per Vat Returns

iv)

Excise plus Sales tax exempt Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(1)

FG

Vat C/f as per Vat Returns

v)

Non Excise plus Vat Invoice

140(3)

FG

Deemed Credit

CGST

140(1)

FG

Vat C/f as per Vat Returns

vi)

Non Excise plus CST Invoice

140(3)

FG

Deemed Credit

CGST

140(1)

FG

Vat C/f as per Vat Returns

vii)

Kaccha Bill or No Invoice

140(3)

FG

Deemed Credit

CGST

140(1)

FG

Vat C/f as per Vat Returns

viii)

Credit of Excise and VAT on Capital Goods

NA

NIL

140(2)

Balance        unclaimed can be C/f


In case of a Trader unregistered in Excise but registered in Vat

S. No.

Type of Purchase

Section

Stock

CGST Credit Amount

Section

Stock

SGST Credit Amount

i)

Import Invoice

140(3)

FG

100% of Excise & SAD in BOE as CGST

140(1)

FG

Vat C/f as per Vat returns

ii)

Excise plus Vat Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(1)

FG

Vat C/f as per Vat Returns

iii)

Excise plus CST Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(1)

FG

Vat C/f as per Vat Returns

iv)

Excise plus Sales tax exempt Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(1)

FG

Vat C/f as per Vat Returns

v)

Non Excise plus Vat Invoice

140(3)

FG

Deemed Credit

CGST

140(1)

FG

Vat C/f as per Vat Returns

vi)

Non Excise plus CST Invoice

140(3)

FG

Deemed Credit

CGST

140(1)

FG

Vat C/f as per Vat Returns

vii)

Kaccha Bill or No Invoice

140(3)

FG

Deemed Credit

CGST

140(1)

FG

Vat C/f as per Vat Returns

viii)

Credit of Excise and VAT on Capital Goods

NA

NIL

140(2)

Balance        unclaimed can be C/f


                                                                   In case of a Unregistered Trader

S. No.

Type of Purchase

Section

Stock

CGST Credit Amount

Section

Stock

SGST Credit Amount

i)

Import Invoice

140(3)

FG

100% of Excise & SAD in BOE as CGST

140(3)

FG

Deemed  Credit  as SGST

ii)

Excise plus Vat Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(3)

FG

100% of VAT in Bill as SGST

iii)

Excise plus CST Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(3)

FG

Deemed Credit     as SGST

iv)

Excise plus Sales tax exempt Invoice

140(3)

FG

100% of Excise in Bill as CGST

140(3)

FG

Deemed

SGST

Credit

as

v)

Non Excise plus Vat Invoice

140(3)

FG

Deemed Credit

CGST

140(3)

FG

100% of VAT in Bill as SGST

vi)

Non Excise plus CST Invoice

140(3)

FG

Deemed Credit

CGST

140(3)

FG

Deemed SGST

Credit

as

vii)

Kaccha Bill or No Invoice

140(3)

FG

Deemed Credit

CGST

140(3)

FG

Deemed SGST

Credit

as

viii)

Credit of Excise and VAT on Capital Goods

NA

NIL

NA

NIL


In case of a Unregistered Manufacturer Unregistered both under Excise & VAT

S. No.

Type of Purchase

Section

Stock

CGST Credit Amount

Section

Stock

SGST Credit Amount

i)

Import Invoice

140(3)

RM,SMG,FG

100% of Excise & SAD in BOE as CGST

140(3)

RM,SMG,FG

Deemed     Credit   as SGST

ii)

Excise plus Vat Invoice

140(3)

RM,SMG,FG

100% of Excise in Bill as CGST

140(3)

RM,SMG,FG

100% of VAT in Bill as SGST

iii)

Excise plus CST Invoice

140(3)

RM,SMG,FG

100% of Excise in Bill as CGST

140(3)

RM,SMG,FG

Deemed Credit  as SGST

iv)

Excise plus Sales tax exempt Invoice

140(3)

RM,SMG,FG

100% of Excise in Bill as CGST

140(3)

RM,SMG,FG

Deemed SGST

Credit

as

v)

Non Excise plus Vat Invoice

140(3)

RM,SMG,FG

NA

140(3)

RM,SMG,FG

100% of VAT in Bill as SGST

vi)

Non Excise plus CST Invoice

140(3)

RM,SMG,FG

NA

140(3)

RM,SMG,FG

Deemed SGST

Credit

as

vii)

Kaccha Bill or No Invoice

140(3)

RM,SMG,FG

NA

140(3)

RM,SMG,FG

NA

viii)

Credit of Excise and VAT on Capital Goods

NA

NIL

NA

NIL


The author is a practising CA based in Delhi and is registered Insolvency Professional. He can also be reached at cavinodchaurasia@gmail.com

Disclaimer: The views expressed in this article are strictly personal. The content of this document are solely for informational purpose. It doesn’t constitute professional advice or recommendation. The Author does not accept any liabilities for any loss or damage of any kind arising out of information in this article and for any actions taken in reliance thereon.

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