27 August 2017
In past I am registered only under Maharashtra VAT Act and CST Act. So I take the input of VAT as per my Last Return i.e. June 2017.But now I have to take credit of Excise for my inputs as I have some Invoices which have separate Excise Duty Amt (i.e. Duty Paid Invoices ) and some Invoices have no separate Excise Amt.How can I claim ITC of such Duties in TRAN-1 ?
27 August 2017
You can claim ITC of only those duties which are specifically mentioned in Invoice. If any duty is not mentioned in Invoice then that duty can not be claimed as ITC by filing form GSR TRAN1.
28 August 2017
Yes, a trader can avail ITC if he doesnot have documents but only after payment of duties under GST. Means only after selling goods under GST. 60% of Taxes paid can be availed only when rate of CGST and SGST or IGST is 18% or more, otherwise 40% is allowed. But make sure you have paid the taxes and it is allowed only for Traders.
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