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TMI BlogCredit transfer documentsX X X X Extracts X X X X X X X X Extracts X X X X ..... Credit transfer documents X X X X Extracts X X X X X X X X Extracts X X X X ..... ore the appointed day(i.e respect to within one year immediately preceeding the appointed day) and having the closing stock and each items value exceeds rs. 25k should get credit transfer documents from the manufacturers within 30days from the appointed day and will be submitted within 60 days from the appointed day and shouldl be mentioned the CTD reference no. In all our supply invoices with res ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pect to the particular stock. Thanks in advance. Reply By MARIAPPAN GOVINDARAJAN: The Reply: A manufacturer who was registered under Central Excise Act, to evidence payment of duty of excise paid on goods manufactured and cleared by him under an invoice before 01.07.2017 may issue the credit transfer document to a person who was not registered under the Central Excise Act, but is registered u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder GST regime and is in possession of such manufactured goods held in stock on the such date. The value of the goods for which CTD issued is more than ₹ 25,000/- per piece; The goods shall bear the brand name of the manufacturer or the principal manufacturer and are identifiable by a distinct number such as chassis or engine number of a car. The CTD shall be issued within 45 days from 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.07.2017. and copy of the corresponding invoices shall be enclosed with it. Reply By THYAGARAJAN KALYANASUNDARAM: The Reply: Dear sir, Thanks for your valuable reply. Can you explain what kind of Goods, it is only a consumer products? Example: One of my client dealers of industrial products which will be supplied subsequently to the manufacturers, and if he procured those goods from the ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nufacturers prior to 01.07.2017 i. e. Between 01.07.2016 and 30.06.2017, he shall get the CTD from the manufacturers? As per sec 140 of cgst act if the dealer possess the copy of Invoice which shows Excise duty separately can claim entire excise duty and again we have to get CTD in this case.? Sir could you please elaborate on this. Thanks in advance. Reply By MUKUND THAKKAR: The Reply: Sir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,
If your client is registered as a dealer in excise need to require any CTD. he has eligible to take credit thru TRN-1. this provision is made for goods likes car/ fridge/ TV/ washing machine..etc not for other product.
Reply By THYAGARAJAN KALYANASUNDARAM:
The Reply:
Dear sir,
Thanks for your valuable reply. X X X X Extracts X X X X X X X X Extracts X X X X
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