Purchased silver bullion before gst, vat 1% paid.
This is raw material to manufacture anklets which is exempted category. I have silver bullion stock. Can I claim transition credit of that 1%?In gst 3% for silver bullion. Thank you
Rajesh PB (80 Points)
20 August 2017Purchased silver bullion before gst, vat 1% paid.
This is raw material to manufacture anklets which is exempted category. I have silver bullion stock. Can I claim transition credit of that 1%?In gst 3% for silver bullion. Thank you
NITIN KOTAK
(SERVICE)
(1465 Points)
Replied 20 August 2017
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961