Excise credit

if you are not registered under excise.

you cannot claim credit

you cannot file returns

excise invoice received shall be a cost to the Trader/Manufacturer

Originally posted by : VENKATESH M
	if you are not registered under excise. you cannot claim credit you cannot file returns excise invoice received shall be a cost to the Trader/Manufacturer

Under transition provision of GST act. Trader can avail credit of VAT/Excise payable even if not having documentory evidence.

However, credit can be availed as follows:

Duty rate is < 9% = 60% of credit

Duty rate is >9% = 40% of credit.

[for only those who are not required to register under old Law but now has to register it self and credit allowed on stocks which is held as on 01.07.2017]

he has not mentioned under GST i replied under existing rules