How to claim input credit of vat on closing stock


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2017 I am registered dealer under sales tax , but unregistered dealer in central excise. We buy exiseable goods where we paid excise duty and cst .After receipt of material, presently we sell the material by charging vat to customer.
My question
1. What will be condition to certify the amount of excise duty already paid for the closing stock value. Should we have to upload the Invoice received from the supplier/manufacturer for the closing stock value for getting input tax credit for such excise paid stock , when it is being sold to customer after GST implementation.
2. We also pay CST @ 2% against C form, whehter we are elgibile to get input tax credit for closing stcok for CST amount already paid.

23 July 2017 1.You have to fill TRANS-1 & TRANS-2 form giving invoice wise details for claiming ITC on Stock.

23 July 2017 2. No crefit for CST available in GST.




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