Whether CTD(Cr transfer document) is must for transitional cr

kamarudheen (dddfe) (50 Points)

25 August 2017  

Eg: I am a 4th Stage Dealer  I have no Excise document,But my invoice is inclusive of excise duty @ 12.5%(only VAT is shown)

1)Whether I get 40% of Input Cr on SGST\CGST paid.

2)Whether CTD is compulsory for claiming Transitional Credit