INPUT TAX CREDIT OF STOCK HELD ON 30.06.2017

ITC / Input 695 views 2 replies
I am A trader/Dealer of Electrical Goods(Excisable & VATable) in Delhi. I buy Goods directly from XYZ Ltd. whose Manufacturing facility is in state of rajasthan. They first transfer Goods to their Delhi Godown and then bill me On DVAT i.e. Excise is hidden in quoted price. It will increase cost of stock held on 30.06.2017. Whether I (Trader ) will get the Credit of Excise Duty paid on Opening stock on 1st July ? If yes , how much ? what are the compliance requirements to get the Credit of Excise Duty?
Replies (2)
yes you will get credit depends on your return that is filled by you that is GSTtrans1 you will get full credit
How much Credit will I Get of Excise and CST ?


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