Dealer, Manufacturer, Importer Registration

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Mahadev Shivsharan (Querist)
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04 November 2016 Dear Sir, I am working in MNC Company. We have four registration under Excise & service tax. 1.Dealer 2.Importer 3.Manufacturer, 4.Service tax. My question is in GST what are the transition provision we need to take care. As a dealer we have 50kmt of RM & FG in Stock and Avg. Price is Rs. 60 KG. Dealer can not take canvat in current situation. wether Dealer is allowed to take credit of Excise & cvd is paid at the time of Purchase of goods. IF not then all dealer have to load duty paid amount on their sales. That cost 16 TO 20 % PRICE raise. & one more What will happen in case of Vat credit. Pl. Clarify my concerns regarding CENVAT & VAT. Rg. Mahadev

CA Rishi Goyal

CA Rishi Goyal (Expert)
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06 November 2016 In GST, Only SGST and CGST or IGST (as the case may be ) charged and credit of all will be allowed on the further sale. Custom Duty will charged normally as levied currently.