Cenvat credit of cement and Steel under GST

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..... Cenvat credit of cement and Steel under GST
Query (Issue) Started By: - Aitha RajyaLakshmi Dated:- 2-6-2017 Last Reply Date:- 5-6-2017 Goods and Services Tax - GST
Got 5 Replies
GST
Sir, Whether cenvat credit of Cement and Steel is available for a builder under GST? and if so whether it is available on repairs and renovation also? Reply By Rajagopalan Ranganathan: The Reply: Madam, .....

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..... As per Section 16 of CGST Act, 2017 and as per GST Input Tax Credit- Final Rules-18.5.2017 there is no restriction in availing input tax credit in respect of cement and steel. However we have to await further Notification or instructions from the Department.. As of now there is no restriction. Reply By Himansu Sha: The Reply: The credit of the inputs and capital Goodsds under the existing law .....

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..... is not available beacuase of the conditions of the exemption notf. 26/12-st. If the tax is given on the full value, credit availability on all inputs will be available as per sec. 16 of the cgst act. But the picture will be clear after some days. Please wait. Reply By KASTURI SETHI: The Reply: Wait for every aspect till the date of implementation. Anything can be changed at the last moment, esp .....

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..... ecially there is doubt about exact and actual date of implementation. It can be deferred for one month at least. Reply By Ganeshan Kalyani: The Reply: In September the constitutional validity would lapse. So in any case the implementation date cannot go beyond Sept. Reply By MARIAPPAN GOVINDARAJAN: The Reply: It is likely that GST will be implemented by 01.07.2017.
Discussion Forum - Know .....

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..... ledge Sharing .....

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