Deemed credit-gst

rajesh (MBA) (93 Points)

08 June 2017  

1) Why are traders & retailers desperately destocking their pre-GST inventories? Can't they set off the difference in tax through a hike in their profit margins?

2) why the limit for input tax credit against excise duty payment is set as 40% of GST liability on stocked up inventories. why not 100% ? please explain with an example.