Gst credit for closing stock

Dear Sirs,

We have CST Paid finished goods (Which will attract 5% and 12% GST) as on 30th June, 2017. Can we claim any transitional credit depending on the purchase invoice given by supplier?

If no GST Credit is available, can we claim 40% IGST credit saying no documents are available?

Please reply with relevant sections. 

 

Replies (3)
please mention are you a trader or manufacturer.

Then also mention does the Invoice is excise invoice or only CST invoice

If you are trader then u can claim 40% other wise no if the invoices u have is not a excise invoice

Yes....

I fully agreed with RAMAPRASAD...

 

CST tax can't available...

In case the CST purchase invoice is Excise Invoice then you can claim EXCISE Tax as ITC.

Dear Sir,

We are retailer and we have CST invoices.

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details