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Credit of excise duty in cgst

rajeev kumar sharma (professional services) (41 Points)

06 May 2017

Dear all,

Our company is registered in Delhi VAT but not in Excise. If we asked our supplier to provide us Excise Invoice then can we claim 100% Excise duty as CGST Refund on closing stock?

Pls Help

Thanks

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2 Replies

(Guest)

NO U CAN`T CALIM CREDIT

FOR CLAIMING CREDIT U HAVE ALL YOUR EXCISE AND VAT RETURN WITH U

HOW IT CAN POSSIBLE THAT U HAVE EXCISE RETURN WITH U

(IN SHORT U WILL GET CREDIT BUT SUBJECT TO PROOF FOR THAT )

Harshad S Gholap (Auditor) (116 Points)
Replied 07 May 2017

Dear mr sharma, you will allow to claim excise even you are not regiatered under excise law in terms of section 140(3) of CGST Act. provided as under;
1 such goods to be used for taxable supply in GST
2. person is in possesion of invoice or other prescribed duty payment doxuments.
3. invoice and documents not earlier than twelve months from the appointed day.
4. or any other rule prescibed under this Act.