Credit in gst of excise duty paid by a trader

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A trader purchases directly from the manufacturer, the manufacturer charges excise duty as well as VAT in the invoice. Till now the dealer used to take credit of VAT and excise duty was treated as an expense. In GST Whether the person will be eligible to avail credit of the excise duty.. if yes under which section and what all conditions have to be fulfilled ? 

 

Thanks in advance

Replies (5)
If you have taxable purchase invoice you can take full credit in gst and if you don't have taxable purchase invoice you can take credit at rate specified by government
pls refer section 140(3) of CHEST Act
*correction CGST
If trader wants to take such credit then he has to get excise invoice from manufacturer. Credit is allowed only on the basis of valid documents. Credit can be taken on invoices till last 12 months only. Kindly note that there is some provision in GST as per which if you take such credit then you have to pass on benefit to end user by making adjustment in sale price accordingly.

Excise Duty paid to Manufacturer by VAT dealer and such Stock lying on 30-06-2017 at VAT dealer.

Whether CGST credit will be avialable to VAT Dealer (having Excise Invoices) for which he already paid Exciseduty to Manufacturer? (for GST transition provision)


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