CENVAT credit on Stock

12 July 2017

I want know detailed rules about the CENVAT(exice) credit on Stock of June
becoz I heard that there is 60% credit can allowed from CGST

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3 Replies

Debashish Sarkar (Commercial Manager) (220 Points)
Replied 12 July 2017

Only Incase of Unregistered dealer under Central Excise, you can claim 60% on the goods falling under 9% CGST and rest 40%

akram shikalgar (ca) (25 Points)
Replied 13 July 2017

thank you sir
Can you give me any reference ( rules, notification etc ) about your reply regarding 60% credit against stock.

Debashish Sarkar (Commercial Manager) (220 Points)
Replied 13 July 2017

Please refer section 117 (4) (a) (ii) of CGST Rules

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