TMI BlogGST CREDIT ON OPENING STOCKX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts We are importing Goods which are used for manufacture of final products on which we are taken CENVAT credit on Excise duty, SAD. We are also importing trading goods by separate Invoic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Bill of Entry and not taking any credit on CENVAT. However we take refund of SAD on goods sold in trading. Now my question is whether we can take credit on Excise duty SAD on Opening stock on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... trading items (which I have cleared from custom after paying Excise duty and SAD ) which are available with us on the date of implementation of GST. Thanks Rajesh - Reply By KASTURI SETHI - The R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply = Yes. You can take credit. - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Kasturi Sir's reply . In case you dont have duty paid document then credit is eligible for 40%/60% of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CGST payable. - GST CREDIT ON OPENING STOCK - Query Started By: - RAJESH CHANANA Dated:- 12-6-2017 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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