Input tax credit

ITC / Input 149 views 1 replies
My question related to excise input credit being non registered dealer under central exise.

1. I am vat registered dealer , but not registered under central excise , as our end user are retail customers.
We buy the exciseable goods from the authorised dealer /distributor of some manufacturer who is is also non registered dealer under central excise. Producer give them Invoice as per central excise rule Basic + excise + cst/vat , but distributor sell the material to us at price including excise ( without any indication of excise amount) + vat.
2. My question, how to avail input tax credit for the the closing stock on account of excise already been paid but no value shown as bought from distributor under vat invoice.
Replies (1)
You need to File GST Tran 1 within 90 days to avail credit. Credit will be 40% or 60% as the case may be of CGST.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details