40% and 60% credit concept

dear dhiraj if  u r a m/f or service provider then not , otherwise Yes

Dear ram u r already getting credit since u r register under service tax. u are covered under other section 140(1). not under 140(3)

Dear Sir,

Assuming we have all docs for full input tax credit, Should we clear/sell all existing stock upto june 30th, before December 2017 (6 months) to avail input credit?

thank you

it depends upon ur sale. if u can carry forward then y to worry,

Dear sir/madam,

so, no time limit to clear stock on hand as on June 30th in GST ?!

I read 6 months given to clear the stocks.

thanks

no ram kr , trans-1 have to be file within 90 days i.e. 29-..09.2017. u can made supply even without this.

after filling trans -1 form, nd status of stock on monthly basis for 6 month in Tran-2 form. u will get credit on filling of both. but do your sale side by side. for more clarification see my blog, point -3 https://www.gstsoln.com/all-about-transitional-provisions-us-140-compiled-with-relevant-rules-in-general-language-from-business-point/

yes ram , do ur sale & file trans-1 form once within 90 days & trans-2 on monthly basis.

@ preeti ji, Still you have not replied my above mention query.