ITC on Opening Stock

The credit of input stock has to be shown in the GST Return.

If you are having cenvat credit balance  or input tax credit for opening stock as on 1.7.2017 you can carry forward it to CGST credit and SGST credit respectively.  For this you have to submit application in Form GST TRAN 1 within 90 days.

Respected Sir,

we are manufacturer & have no cenvat credit under excise.

1. Can we take input tax of excise charged on our closing stock of raw material.

we have excise showing invoices.??????/

2. Should we show closing stock detail on gst portal as on 01.07.17???

Thanks in advance

If you were not eligible to take cenvat  credit but are now under GST, you can take input tax credit of excise duty paid on closing stock if you have relevant excise invoices.  You have to submit stock statement [Sec.140(3) of CGST & SGST Act]