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Input tax credit on closing stock

Goods and Services Tax - Started By: - Umesh Golecha - Dated:- 16-7-2017 Last Replied Date:- 17-7-2017 - dear sir our client is a retailer dealing in textile and ready made garments . since fabric is exempt from excise can we claim credit on the stock of fabric held as on 30th June 2017 or should we interpret exemption of fabric as conditional exemption and therefore making them eligible for credit under gst provisions under section 140.Umesh - Reply By KASTURI SETHI - The Reply = Fabric was exe .....

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