My query is that how the units will work which are claiming area based exemption under Excise act. Please confirm whether these units are eligible for cenvat on stock lying with them as on 30.06.2017. and under what sec of CGST Act,
Further whether these units will charge GST on sale of its final product on or after 01.07.2017 . Further will the units are eligible for refund of GST Paid as these uints are still claiming area based exemption.
31 May 2017
In GST regime, there is no provision for area based exemptions and thus CGST would be payable which can be recovered from customers https://t.co/YiDp4bmD9x
Thanks for your reply. What will be the position of stock available as on 30.06.2017. Whether it is eligible for input tax credit . Further will the GST payable is refundable to us as there is still area based exemption available.
CAclubindia
