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Transition powers gst
being trader have closing stock purchased under CST , when selling from July GST charged is 28% then allowed to take 60% on the 28% ( ie RS 16.80 ) wil be my input credit is it true
Replies (2)
1) No credit of CST will be allowed
2) Your opinion is wrong .
3) if you dont have excise duty paid document in respect of your purchase then Credit of excise Duty will be allowed .
(if CGST rate is 9 % or more then 60% of 9%) or ( if CGST rate is less then 9% then 40% of 9%)
Not clear how you interpret ,
i never mentioned asking for credit of CST paid , but my purchases is under interstate ie 2%CST.
what i opioned must be tallying with your comment , is it correct
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