Person sales Nil rated Goods under Current Law but under GST some goods become Taxable?
Now please reply for claim of Cenvat Credit under Transitional Provision of the GST on Taxable and Non Taxable Goods?
Menu
Claim Cenvat Credit under Transitional Provision GST
Replies (2)
If the particular good or commodity is taxable in GST,Cenvat on such goods will be carried forward to GST.(Even if the Goods are Nil rated or Not Taxable in current situation)
If Not Taxable in GST,No cenvat is allowed.
If the particular good or commodity is taxable in GST,Cenvat on such goods will be carried forward to GST.(Even if the Goods are Nil rated or Not Taxable in current situation)
If Not Taxable in GST,No cenvat is allowed.
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
