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Traders Eligible to Pay GST on Brought Out Goods without doing any manufacturing or deemed manufacturing activity

Goods and Services Tax - Started By: - yogesh Panchal - Dated:- 3-10-2016 Last Replied Date:- 24-12-2016 - Dear All, GST Tax Experts,In current central excise law the levy of excise duty on manufactured of finished goods , also manufactured only charged excise duty, the biggest litigation and issues are goods are manufactured, deemed manufacturer, Traders, Dealers & etc. then in the Trading business Trader purchase brought out goods, do not take cenvat credit of excise & service tax, do .....

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y, charged and collected on the basis either on supply of goods or services. The very concept of sales of goods and providing/receiving of services would be vanished in GST regime. - Reply By yogesh Panchal - The Reply = (1) In current central excise law the levy of excise duty on manufactured of finished goods , also manufactured only charged excise duty, the biggest litigation and issues are goods are manufactured, deemed manufacturer, Traders, Dealers & etc. then in the Trading business T .....

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is not availed and not reflected in the return of march-2017 , as of now there is no provision in GST Model Law to avail the credit in future. In respect of the above condition Following Credit/paid Amount Not reflected In the Excise & Service tax Returns, due to at the time of taking credit amount reflected in closing balance, as well as duty paid or Credit Revert Under protest then reflected in the closing balance, it mines that the impact is plus & minus equal to zero, then above typ .....

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