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.
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
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
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
