Stock held on 01-04-2017 , central exice paid goods &

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 November 2016 respected sir,
soaps held in stock in the hands of retail traders (not manufactures) on 01-04-2017 , previously suffers vat @14.5 and cental exice @ 12.5 % also. now can the retailor eligible to claim on stock held on 01-04-2017 , both vat and central exice ? if not why .please discuss

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 November 2016 Yes the retailer is eligible to claim input tax credit on VAT as well as central excise on stock held on 01/04/2017.

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Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2016 please tell the procedure precribed for a dealer (not a reg- central exice dealer) in revised gst law for availing cen- vat credit on stock held on 01-04-2017

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 November 2016 You will be asked to enter the stock details and VAT and central excise paid details on stock. Wait for some time for passage of ACT and Rules.

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Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2016 thank you seetharaman sir.

Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2016 thank you seetharaman sir.

Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2016 thank you seetharaman sir.