How to claim ITC on old stock?
Our client is purchasing material from New Delhi and trading it in Kerala. The manufacturer of Delhi was charging Excise duty and CST on every bill. Our client in Kerala obviously can't take ITC of excise duty and CST. But after GST what to be done with duties and CST paid on stock lying on 30-06-2017?? Please help
Dear Vinay,
The same has to be availed in GST TRAN-1 but timelimit for filing of GST TRAN-1 is 27.12.2017 which is already completed. Now you are not eligible for transfer of credit unless system is re-opened for filing.
CAclubindia
