11 July 2017
We were doing Manufacturing(Goregaon Unit) & Trading (Bhiwandi Unit)Activities under Excise. We had separate excise license for both. Now under GST we are going to do only Trading Activity, but from Earlier Manufacturing(Goregaon Unit). Is it possible to do trading activity in place of manufacturing. Our principal address under GST is Goregaon which having both Manufacturing & Retail Business Activity.
This is continuation of our earlier conversation. We will going to do only trading Activity under GST, But can we able to take Input Credit of Excise of Manufacturing. We had transferred our Excise Input Credit (30 June 2017) of Trading Unit to Manufacturing unit. Kindly guide us how to give CREDIT TRANSFER DOCUMENTS under GST, whether as Manufacturer or as Dealer.
We had already transfer (Dealer)Trading stock (Duty) to our Manufacturing Unit before GST i.e. before 30/06/2017. & all our Trading Stock (Duty) is with manufacturing unit. Can we take this input for trading under GST? , Which CTDs forms to be used ??
12 July 2017
Yes you can take this input for trading under GST. See the link for forms. https://gst.caknowledge.in/shifting-existing-input-tax-credit-closing-stock-gst/
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