Duty paid inventory held at branches
This query is : Resolved
guruprasad
(Querist)
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.
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
(Expert)
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
(Querist)
06 December 2016
thanks for your reply
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