Hi, i am a mfg and i usually move my goods from my mfg plant to our cnf located in different locations on PAN India basis by charging Excise duty on the product only. From where we billed to local dealers by charging local VAT on it.
My query:
1. On 01/07/17 i can take the credit on the available closing stock of my these PAN India cnf on the basis of those stock in excisable invoices. Is it?
2. As these cnfs are registered in vat only and the concerned excise duty is the cost for them so how could the dealers are become liable to take credit of excise duty included. Suggest some alternate way which will help them to take the credit
Regards
Prashant
CAclubindia
