Cenvat carried forward, Goods and Services Tax - GST

[arun aggarwal]

Sir

I am an exporter duely registered with excise as a manufacturer and taking cenvat on my purchases,

as I am exporting my products under bond without using the cenvat, resulting accumlated cenvat in my books.

now after GST can I carry the same as input credit and to be used as payment of GST

or I will get the refund under GST of the same

or should I take the refund under rule 5 from excise before implemtation of GST

Arun

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

In my view it is better to take the refund under rule 5 from excise before implementation of GST.

[KASTURI SETHI]

I support the views of Sh.Maraippan Govindarajan, Sir. 100% credit would not be allowed to carry forward. If you apply before the date of implementation of GST, you are entitled to refund in full.

[Himansu Sha]

Section 140 of central tax allows you to carry forward the. Credit

[Himansu Sha]

Refund under rule 5 is an option