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Credit of CST

mehul patel (article) (213 Points)

24 June 2017

Credit of CST available in GST as CGST

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18 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178001 Points)
Replied 24 June 2017

Sorry..........

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mehul patel (article) (213 Points)
Replied 24 June 2017

it means not available

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 24 June 2017

No credit of CST available in GST....

Ajay Prajapati (512 Points)
Replied 24 June 2017

your june CST ITC . in july you can adjust it with input CGST

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 24 June 2017

No it cant be Ajay Prajapati.

Quote sec or notification if any....

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Ajay Prajapati (512 Points)
Replied 24 June 2017

You are eligible for input tax credit under GST. In GST, you will be eligible for input tax credit, provided you are a regular tax payer. The taxable person taking composition levy under GST does not have the right to claim input tax credit ... .. You have the right to invest in closing stock (including semi-manufactured goods and finished goods) of invoices or any other Fixed duties / tax payment papers are available ..... Date of invoice or any other prescribed fee / tax payable document is 12 months from date of transfer in GST Be within the issues.Shifting of existing Input Tax Credit on Closing Stock in GST – As per Transition Provision U/S 140(3) of CGST Act 2017 .