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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2017 Dear Sir,

We are registered under excise and we have stock approximate 20 lac closing stock before GST roll out. out of 20 lac stock, we have 10 lac where we don't have excise bills which we brought form trader. Any provision is there to claim input tax tax of excise which was include in cost.

Thanks & Regards,
Yogaraja.

Amol S Joglekar

Amol S Joglekar (Expert)
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15 June 2017 since you have bought it from Trader, no question of any excise.
If you have paid VAT on that, you can get ITC for the VAT amount, subject to however other conditions as to date of purchase etc are satisfied

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 June 2017 If you have VAT invoice you can claim 40% of excise duty.

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