Dealer, Manufacturer, Importer Registration
This query is : Resolved
04 November 2016
Dear Sir,
I am working in MNC Company. We have four registration under Excise & service tax. 1.Dealer 2.Importer 3.Manufacturer, 4.Service tax. My question is in GST what are the transition provision we need to take care. As a dealer we have 50kmt of RM & FG in Stock and Avg. Price is Rs. 60 KG. Dealer can not take canvat in current situation. wether Dealer is allowed to take credit of Excise & cvd is paid at the time of Purchase of goods. IF not then all dealer have to load duty paid amount on their sales. That cost 16 TO 20 % PRICE raise. & one more What will happen in case of Vat credit. Pl. Clarify my concerns regarding CENVAT & VAT.
Rg. Mahadev
06 November 2016
In GST, Only SGST and CGST or IGST (as the case may be ) charged and credit of all will be allowed on the further sale. Custom Duty will charged normally as levied currently.
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
