we r a manufacturer of medicine in uttranchal in excise free zone..however we r having stock of around 6 crs.on which we have paid excise duty on purchases made by us.
can we claim a cenvat of such purchases in cgst.
and also we have sum purchases directly from traders..cn we claim 40% scheme for such?
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Replies (5)
yes.. you can.. if you have invoices, which separately shows excise duty
Even if excise duty is not shown separately you can claim 40% credit if invoices available in respect of such credit
in which returns i hv to give such information?
form gst tran 1 .. due date 28 september
You have to give details in Form Tran-1 within 90 days of appointed day.
You can claim such ITC in next 6 tax periods.
You can claim such ITC in next 6 tax periods.
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