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Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations

Section 169 - TRANSITIONAL PROVISIONS - Goods and Services Tax - Section 169 - 169. (1) A registered taxable person, who was not liable to be registered under the earlier law, or who was engaged in the manufacture of exempted goods or provision of exempted services, or who was providing works contract service and was availing of the benefit of notification No. 26/2012-Service Tax, dated 20.06.2012 or a first stage dealer or a second stage dealer or a registered importer, shall be entitled to tak .....

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ut tax credit on such inputs under this Act; (iv) the said taxable person is in possession of invoice and/or other prescribed documents evidencing payment of duty under the earlier law in respect of such inputs; (v) such invoices and /or other prescribed documents were issued not earlier than twelve months immediately preceding the appointed day; and (vi) the supplier of services is not eligible for any abatement under the Act: PROVIDED that where a registered taxable person, other than a manufa .....

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ion 171 and section 172, the expression eligible duties and taxes means- (i) the duty of excise specified in the First Schedule to the Central Excise Tariff Act, 1985(5 of 1986); (ii) the duty of excise specified in the Second Schedule to the Central Excise Tariff Act, 1985(5 of 1986); (iii) the additional duty of excise leviable under section 3 of the Additional Duties of Excise (Textile and Textile Articles) Act, 1978 (40 of 1978); (iv) the additional duty of excise leviable under section 3 of .....

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