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Input tax credit

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Ankit (Querist)

15 July 2017 My question related to excise input credit being non registered dealer under central exise. 1. I am vat registered dealer , but not registered under central excise , as our end user are retail customers. We buy the exciseable goods from the authorised dealer /distributor of some manufacturer who is is also non registered dealer under central excise. Producer give them Invoice as per central excise rule Basic + excise + cst/vat , but distributor sell the material to us at price including excise ( without any indication of excise amount) + vat. 2. My question, how to avail input tax credit for the the closing stock on account of excise already been paid but no value shown as bought from distributor under vat invoice.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

15 July 2017 You can avail.
Check transitional Provision in below presentation for info with example

https://www.caclubindia.com/share_files/gst-presentation-73459.asp

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