We are one of the Car dealerband our principle is supplying Spares from Hariyana and they are charging CST against issuing of C form from our end and they are not showing CENVAT in their bill.
Now how to take input credit of 60% amt.
Regards
R.Vijayakumar
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input Tax on Spares Closing Stock
Replies (2)
First confirm with your suppliers if they have CENVAT purchase invoices. if they have then you can claim 60% of CGST that is 60% of 14%. You have to make a list of stocks as on 30.6.2017 and declare it on Form Tran 1. You have 6 months to sell this stock.
sir we are manufacture of cloth and what is process of input credit for spare part closing stock as on 30/06/17
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