I m Distributer of company, I received Vat invoice from Super stockist in June and before months . I have stock of near 2.5 lac of goods and near 15000 of VAT credit in books , I have to sale my goods in Under GST regime intrastate. Item was under exice law asper MRP based duty and in GST item under 28%. How I receive reimbursement of CGST and when ? I have all invoices and all returns fullfill
GST trans-2 form will be applicable for excisable goods credit.. If you have bills of 1year than 100% BCD will taken.. Not having bills than 40% credit available for your case as 28% gst tax rate apply in your goods..
Thank you Mansuri & Associates(CA) 9712222194 Ahmedabad.
CAclubindia
