credit of cgst in tran1
This query is : Open
25 August 2017
Saif Ali Like POST 24 August 2017
a person in possession of stock can claim credit @ 60%. in tran 1 for cgst credit? he is in possession of vat invoice for such stock where there is no disclosure of excise duty. he has filed vat return and also going to take vat credit as on30 june in form tran 1 for sgst.
CA Rashmi Gandhi
(Expert)
25 August 2017
For claiming CGST credit @60% you have to fill Trans-2.
25 August 2017
in a stock of rs.45 lakh +vat. how much amount of credit can be claimed.
CA Rashmi Gandhi
(Expert)
25 August 2017
You will get credit of 5.4%
28 August 2017
whether such credit can be utilize to pay the liability of july? or it can be used in next month ?
CA Rashmi Gandhi
(Expert)
28 August 2017
Clarifying TRAN 1 https://www.caclubindia.com/articles/articles_comments.asp?article_id=30992
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