Mayank,
One will get CGST 40% back credit subject to filing of appropriate returns for claiming the same.
that will compensate to some extent for excise.
Benefit for 6 Months only
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Existing vat credit set off against gst
Rohit sir,
please elaborate me " CGST 40% back credit" as I am not understanding this completely . kindly explain with an example if possible.
Thanking you
Mayank Agarwal
please elaborate me " CGST 40% back credit" as I am not understanding this completely . kindly explain with an example if possible.
Thanking you
Mayank Agarwal
Tomorrow it will be confirmed if 40% refund limit is raised.
When you pay Central Tax CGST, You will get refund of this tax (this was being discussed in todays meeting but actual details will come after some time).
Note the refund will be available on payment (of gst on goods) and not on the base of invoice.
further note that i am talking about 28%-14.5%=13.5%
if we have credit of imported goods, on oppointed date where will it transfer? under CGST OR IGST?
Hi All,
What about the input tax credit for custom duty paid stock as on 30.06.2017. Is there is any clarity on ITC for custom duty paid stock..
What about the input tax credit for custom duty paid stock as on 30.06.2017. Is there is any clarity on ITC for custom duty paid stock..
whether there is any ITC of cst
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