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Transition provision in gst
Pl. clarify that a trader purchased goods with Excise duty upto 30/06/2017 after commencement of GST can we get the ED values as input on goods held at stock
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Yes you will get credit of ED paid for inputs. However if the trader does not have invoice evidencing payment of ED then credit shall be allowed to the extent of 40% of CGST subject to satisfaction of other conditions.
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