Itc on closing stock

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This query is : Resolved

ANIMESH PANDEY (Querist)

27 June 2017 Dear Sir,
We are manufacturer , our product is exempt from excise in current tax law So we dont take credit of excise and Service tax on input used , we used to pay only VAT on our finished product but now our finished product is subject to GST . Can we get credit of excise and service tax too with ITC of VAT on closing on date of GST implementation

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

27 June 2017 Yes you Can get credit of excise and service tax too with ITC of VAT on closing on date of GST implementation. Invoice documentary evidence required.

ANIMESH PANDEY

ANIMESH PANDEY (Querist)

27 February 2018 Sir based on your advise I took the credit of excise duty on closing stock to be used in taxable finished goods but department asking me to show notification. Sir pls provide me the notification no regarding this.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

27 February 2018 See the link.
https://www.google.co.in/url?sa=t&source=web&rct=j&url=https://www.cbec.gov.in/htdocs-cbec/gst/eflier-transition-provisions14062017.pdf&ved=2ahUKEwiuopmd_cXZAhWJlJQKHaEFCPkQFjABegQICBAB&usg=AOvVaw3JkHSsVsoeYvGYgI8PJPJo

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

27 February 2018 Statutory provisions relating to transition are contained in chapter XX (section 139 to 142) of the GST law and the transition rules available at department website www.cbec.gov.in may be referred.

ANIMESH PANDEY

ANIMESH PANDEY (Querist)

07 March 2018 Dear Sir,. We have failed to file our GSTR-1 for July due to some technical problem . Later on we filed our other GSTR-1 for August onward . Now the problem in GSTR-1 for july have resolved and we are trying to file it but when we are attempting to Upload the JSON created through latest offline toll 2.2.1 , it is not getting uploaded and a massgae coming that '' Download the latest version of offline toll'' atlhough the toll that we using is latest .
Pls advise what to do??

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