gst
This query is : Resolved
24 July 2017
I am a wholesaler dealing in marble which are imported from rajasthan into jammu. will I get credit of excise duty paid under gst..further if excise duty is not mentioned in invoice..whether I am eligible for same under sec 140
CA Shubhanshu Jain
(Expert)
24 July 2017
If at the time of filing form GSTR-1 you have duty paying document which specifically shows amount of excise duty involved in it then you can avail 100% of credit of excise duty. But if you don;t have duty paying document then if item is taxable @ more than 18% then 60% of duty paid at the time of sale is refunded otherwise 40% of tax paid at the time of sale is refunded it is just like cashback.
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