TRANSFER OF ACD AND CVD TO GST

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..... TRANSFER OF ACD AND CVD TO GST
Query (Issue) Started By: - sachin shilamkar Dated:- 17-5-2017 Last Reply Date:- 27-5-2017 Goods and Services Tax - GST
Got 4 Replies
GST
What are the provisions under GST for transfer of ACD and CVD paid by the importer/dealer on the closing stock which will transfer to GST on 1st July when GST will get implemented. What records need to be maintained .....

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..... and how to apply for the same. Regards Sachin Reply By Rajagopalan Ranganathan: The Reply: Sir, According to Explanation 1 & 2 appended to Section 140 of CGST Act, 2017 " eligible duties" means- the additional duty leviable under sub-section (1) of section 3 of the Customs Tariff Act (CVD), 1975 (51 of 1975.); (iii) the additional duty leviable under sub-section (5) of section 3 .....

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..... of the Customs Tariff Act, 1975 (SAD) (51 of 1975.); Therefore you can transfer ACD and CVD paid by the importer/dealer on the closing stock which will transfer to GST on 1st July when GST will get implemented. Reply By KASTURI SETHI: The Reply: I support the views of Sh.Ranganathan, Sir. Reply By GORAKHNATH KHARADE: The Reply: sir What Position of Custom Education Cess & Higher Custom Ed .....

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..... ucation Cess on our Cenvat Account is there possible to get return because we are not able to untilise this amount . Gorakhnath Kharade 9920200983 Reply By ATUL JINDAL: The Reply: With regards to ACD / SAD refund, please advise what will happen to the SAD Refund files which would be pending with Customs Department for refund as on 01st July, 2017 Regards, (Atul Jindal)
Discussion Foru .....

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..... m - Knowledge Sharing .....

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