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Itc on closing stocks

ITC / Input 171 views 3 replies

 can I avail ITC for closing stocks  on which Vat as well as Excise duty collected . My annual turnover is above 1.5 crores  Expecting reply on my quorry 

  satyanarayana raju

Replies (3)

Yes you can.  Pl refer this brochure for details:

https://www.cbec.gov.in/htdocs-cbec/gst/eflier-transition-provisions14062017.pdf

 

hello sir
i have itc on vat for last quarter and i want to carry forward the itc to gst
how can i do this.
we have paid 2% excise duty +2% CST on purchase of bicycle to the manufacturer in inter state.Whether we can claim 2% Excise duty on our closing stock


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