I am working in a hospital and claiming input tax for medicine in Tran 1.. at what percentage i can claim input.. is it in the new gst rates or old kerala vat rates?.
2. one chartered accountant suggested that we can take input for the excise duty too. because excise duty was paid at the time of manufacturing so we can take 40% on kvat and 40 % on excise.. total 80 %
3. is there any option to file hsn wise stock report via excel utility?
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tran 1 for goods not supported by invoice
Replies (1)
vat credit was already claimed during the vat returns and the same credit can't be taken twice
if excise bills are available then 100% credit would be available when the invoice are not available then 60% or 40% would be available as per the gst rates that too only for cgst.
there has been no option yet to file the hsn wise stock report
if excise bills are available then 100% credit would be available when the invoice are not available then 60% or 40% would be available as per the gst rates that too only for cgst.
there has been no option yet to file the hsn wise stock report
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