I am a exciseable dealer (manufacturer) and i have a credit of captial goods (50%) of excise duty in hand in my return of June 2017 (last return prior to GST). 50% credit of excise duty on capital goods also stand in my books which will be claimed in next financial year as per excise rules. Now what will be procedure of credit shift of the same in GST (current 50% and 50% of next year)
Similarly credit of ITC of capital goods stands in my VAT Reutrn of June 2017. What will be procedure of credit shift of the same in ITC.
CAclubindia
