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Excise credit for traders
My Trading clients from Gujarat purchase Electrical Accessories form Daman(UT).Daman party not collected CST against form C as they enjoying Vat exemption at Daman.But in Bill mention seperately Excise Duty @ 12.50%.Can I claim that Excise duty ITC after GST implement as these excisable stock in hand as on 30th June 2017?
Replies (1)
you can take credit of excise duty provided tax invoice is available and other related conditions as mentioned in section 140 of cgst act are fulfilled but credit of vat will not be available as it is not allowed under existing laws
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