9911796707
TMI BlogSeeks to prescribe the credit transfer document under rule 15(2) of CCR, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... ariff Act, 1985 , paid on goods manufactured and cleared by him under the cover of an invoice before the 1st day of July, 2017 (hereinafter referred to as such date ), may issue a document called Credit Transfer Document (hereinafter referred to as CTD ) to a person (hereafter referred to as dealer ) who was not registered under the Central Excise Act, 1944 but is registered under the provisions of Central Goods and Services Tax Act, 2017 (hereinafter referred to as CGST Act, 2017 ) and is in possession of such manufactured goods held in stock on the such date, subject to such limitations, conditions and procedures as specified below: 1. (i) The value of such goods is more than rupees twenty-five thousand per piece; (ii) goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing CTD on manufactured goods shall not be eligible to avail credit under provision of sub-rule (4) of rule 117 of Central Goods and Services Tax Rules, 2017 on identical goods manufactured by the same manufacturer available in the stock of the dealer; (x) a dealer availing credit on the basis of CTD shall, at the time of making supply of such goods, mention the corresponding CTD number in the invoice issued by him under section 31 of the CGST Act, 2017 ; 2. Where a manufacturer issues a CTD such that credit of central tax is availed twice on the same goods under the provisions of CGST Act, 2017 and the rules made thereunder, he shall be jointly and severally responsible for excess credit availed by the dealer and provisions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Trans 3 Table 2. To be filled by dealer availing Credit on CTD S. No. GSTIN of the manufacturer issuing CTDs Total no. of CTD received No. of invoices against which CTDs have been issued Total quantity for which CTD issued Total value of Goods for which CTD has been issued Central Excise duty paid on such goods Credit availed by the dealer ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
