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Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day

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..... vided that the Commissioner may, on the recommendations of the Council, extend the period of ninety days by a further period not exceeding ninety days. Provided further that where the inputs have been received from an Export Oriented Unit or a unit located in Electronic Hardware Technology Park, the credit shall be allowed to the extent as provided in sub-rule (7) of rule 3 of the CENVAT Credit Rules, 2004: [ this proviso only in CGST rules ] Provided that in the case of a claim under sub - section ( 1 ) of section 140, the application shall specify separately - ( i ) the value of claims under section 3, sub - section ( 3 ) of section 5, sections 6 and 6A and sub .....

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..... s of which credit of input tax was admissible under the existing law, (ii) the description and value of the goods or services, (iii) the quantity in case of goods and the unit or unit quantity code thereof, (iv) the amount of eligible taxes and duties or, as the case may be, the value added tax [or entry tax] charged by the supplier in respect of the goods or services, and (v) the date on which the receipt of goods or services is entered in the books of account of the recipient. (3) The amount of credit specified in the application in FORM GST TRAN - 1 shall be credited to the electronic credit ledger of the applicant maintained in FORM GST PMT - 2 on the Common Portal. (4) (a) (i) A registered person who was not r .....

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..... rson availing of this scheme and having furnished the details of stock held by him in accordance with the provisions of clause (b) of sub-rule (2) of rule 1, submits a statement in FORM GST TRAN 2 at the end of each of the six tax periods during which the scheme is in operation indicating therein the details of supplies of such goods effected during the tax period. (iv) the amount of credit allowed shall be credited to the electronic credit ledger of the applicant maintained in FORM GST PMT - 2 on the Common Portal. (v) the stock of goods on which the credit is availed is so stored that it can be easily identified by the registered person. ( In CGST Rules ) ( 4 ) ( a ) ( i ) A registered .....

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..... ) the registered person availing of this scheme and having furnished the details of stock held by him in accordance with the provisions of clause ( b ) of sub - rule ( 2 ) of rule 1, submits a statement in FORM GST TRAN 2 at the end of each of the six tax periods during which the scheme is in operation indicating therein the details of supplies of such goods effected during the tax period . ( iv ) the amount of credit allowed shall be credited to the electronic credit ledger of the applicant maintained in FORM GST PMT - 2 on the Common Portal .( v ) the stock of goods on which the credit is availed is so stored that it can be easily identified by the registere .....

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