is there any rule that excise duty claimed on stocks held as on 30th june in gst tran1 has to be reversed if these stocks r not sold by dec 31st 2017
pl clarify on this as we hv claimed ED against purchase document
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input reversal on stocks held
Replies (6)
Till now this is rule u hv to sold the stock within 6 months
what about already claimed excise duty amt. on these stocks? if i am not able to sell these stocks
U should have to reverse then... Wait for any further extension
i hv excise duty paid invoices for stks held. if i am not able to sell these stocks by dec am i to reverse
i know that i cannot claim 60% or 40% as applicable if i cannot sell before dec
Wait for further notification
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