Please advise whether credit of CST paid on items, held in closing stock, will be allowed to traders under GST? Whether C forms need to be received from the buyers to avail credit, if any?
Tanvi
(CA Fresher)
(229 Points)
Replied 20 June 2017
There is no such Provision in GST yet. The matter has been raised by a lot of people and is still on hold.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India