Pre- july stock position
This query is : Resolved
MOHINI SIMARIA
(Querist)
03 April 2017
WHAT ABOUT CVD CREDIT WHICH WAS NOT AVAILABLE ON LAPTOPS AND WE ARE TRADERS OF LAPTOPS AND WE HAVE HUGE STOCK OF IT?
BUT IN THE GST ERA , THE SAME WILL BE ALLOWED AS IGST.
HENCE HOW THE BILLING WILL BE DONE FOR THE STOCK LYING UPTO JULY ???
BUT IN THE GST ERA , THE SAME WILL BE ALLOWED AS IGST.
HENCE HOW THE BILLING WILL BE DONE FOR THE STOCK LYING UPTO JULY ???
Rajesh Kumar
(Expert)
04 April 2017
Yes. CVD paid on laptops, which are in stock on the appointed date shall be available as credit which can be used to pay CGST or IGST.
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