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Trans 1 claim notional itc


Imran Ahmad (Working on GST with HLL & Castrol Distributor )     10 November 2017

Imran Ahmad
Working on GST with HLL & Castrol Distributor  
 3 likes  118 points

| My Other Post

Dear all i am a FMCG Traders and i am dealing with in a State only. I have no Excise Ragistration No. 

Can i claim Notional Tax Benefit as per GST Act on my closing stock.

With Regards 

Imran Ahmed

anonymous (student)     10 November 2017

anonymous
student 
 35 likes  747 points

View Profile | My Other Post

CAN YOU ELABORATE WHAT IS MENT BY NOTIONAL TAX BENEFIT?

1 Like
avater

Imran Ahmad (Working on GST with HLL & Castrol Distributor )     10 November 2017

Imran Ahmad
Working on GST with HLL & Castrol Distributor  
 3 likes  118 points

View Profile | My Other Post

Notional Tax Benefit means 40% or 60% of CGST refund when we sold such Closeing Stock

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