Business activity under gst
This query is : Resolved
11 July 2017
We were doing Manufacturing(Goregaon Unit) & Trading (Bhiwandi Unit)Activities under Excise. We had separate excise license for both. Now under GST we are going to do only Trading Activity, but from Earlier Manufacturing(Goregaon Unit).
Is it possible to do trading activity in place of manufacturing.
Our principal address under GST is Goregaon which having both Manufacturing & Retail Business Activity.
Is it possible to do trading activity in place of manufacturing.
Our principal address under GST is Goregaon which having both Manufacturing & Retail Business Activity.
11 July 2017
Yes it is possible to do trading activity in place of manufacturing.
Message likes :
1 times
12 July 2017
Dear Sir,
Thanks for your reply,
This is continuation of our earlier conversation. We will going to do only trading Activity under GST, But can we able to take Input Credit of Excise of Manufacturing.
We had transferred our Excise Input Credit (30 June 2017) of Trading Unit to Manufacturing unit.
Kindly guide us how to give CREDIT TRANSFER DOCUMENTS under GST, whether as Manufacturer or as Dealer.
Regards,
Deepak
Thanks for your reply,
This is continuation of our earlier conversation. We will going to do only trading Activity under GST, But can we able to take Input Credit of Excise of Manufacturing.
We had transferred our Excise Input Credit (30 June 2017) of Trading Unit to Manufacturing unit.
Kindly guide us how to give CREDIT TRANSFER DOCUMENTS under GST, whether as Manufacturer or as Dealer.
Regards,
Deepak
12 July 2017
Manufacturing and trading is one and the same under GST no need of any transfer in between.
12 July 2017
Sir,
We had already transfer (Dealer)Trading stock (Duty) to our Manufacturing Unit before GST i.e. before 30/06/2017. & all our Trading Stock (Duty) is with manufacturing unit. Can we take this input for trading under GST? , Which CTDs forms to be used ??
We had already transfer (Dealer)Trading stock (Duty) to our Manufacturing Unit before GST i.e. before 30/06/2017. & all our Trading Stock (Duty) is with manufacturing unit. Can we take this input for trading under GST? , Which CTDs forms to be used ??
12 July 2017
Yes you can take this input for trading under GST.
See the link for forms.
https://gst.caknowledge.in/shifting-existing-input-tax-credit-closing-stock-gst/
See the link for forms.
https://gst.caknowledge.in/shifting-existing-input-tax-credit-closing-stock-gst/
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- One Post a Week Done Right Beats Seven Done Wrong
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
