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Itc credit on excise paid

ITC / Input 201 views 5 replies
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9 Points Posted on 28 May 2017
Dealing in agro chemicals business

n there is no VAT IN haryana state on that

GST FOR closing stock?
Itc credit for closing stock?
Invoice r received as excise paid at manufacturers level means the stock has already paid its cgst
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On 28 May 2017 at 14:54 Report
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9 Points Posted on 28 May 2017
Proposed rate of GST Is 18 %
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On 28 May 2017 at 14:56
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Taxation Consultant
1823 Points Posted on 28 May 2017
For closing stock if you have invoices evidencing payment of excise duty then you would get credit of excise duty on fulfilling of certain conditions. For more information and queries you can mail me at neharampuria @ gmail.com
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On 28 May 2017 at 17:19
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9 Points Posted on 28 May 2017
Means 12.5 % input credit of cgst will be populated on gst portal automatically n what abt sgst credit or ultimately how much tax will be paid on closing stock..... What %
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On 28 May 2017 at 18:32
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Taxation Consultant
1823 Points Posted on 28 May 2017
12.5% of excise duty as credit would be available which would become CGST on fulfilling of certain conditions. If you file VAT return , then itc brought forward in such return would be given as SGST
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On 28 May 2017 at 19:22
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9 Points Posted on 29 May 2017
Gst is proposed 18 %
So what will be the rate of sgst n cgst
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On 29 May 2017 at 13:17


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