I have taken credit of cenvat IN Trans-1 on machine purchased before GST.
Please confirm this is o.k. as per gst act or i have to reverse and deposit the same.
3 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 19 January 2020
No it's ok .......no need to reverse
Pawan Kumar Jain
(27 Points)
Replied 20 January 2020
Thanks
firm was not registered under excise
earlier.in this case it also ok or not.
firm was not registered under excise
earlier.in this case it also ok or not.
Vikasanand Gupta
(180 Points)
Replied 27 January 2021
@ pankaj rawat sir,
but as per section 140(2) of CGST Act, 2017, only unavailed and unclaimed Cenvat credit can be transferred in Trans 1 in r/o Capital goods.
if not, pls clarify sir.
but as per section 140(2) of CGST Act, 2017, only unavailed and unclaimed Cenvat credit can be transferred in Trans 1 in r/o Capital goods.
if not, pls clarify sir.
Recent Topics
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
Related Threads
CAclubindia
