TMI Blogcan a registered trader book credit of excise duty?X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All, I have a query that Vat registered dealer had got an invoice dated 26.06.2017 before GST implementation and invoice showing separately Excise duty and CST of 1.5%. Can I book credit of excise duty on this bill in GST and I book the purchase against C form also. Vat dealer is not registered in Excise and he is a trader only and filled all the returns continuously. In my view, i can book ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... credit of excise but not on CST as i book against C form. - Reply By Himansu Sekhar - The Reply = You can take this credfitb inn Tran 1, Please refer to sec 140(3) of cgst Act - Reply By rakesh rohilla - The Reply = thanks himansu, i have seen trans 1 form in GST portal and I am confused about filing the details. I have only 1 excise invoice which is duty paid and rest of all are vat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... invoices which i have filled the return for the quarter 1-4-2017 to 30-6-2017 in DVAT. For availing credit of excise as per the query, i have to fill only one excise invoice or to fill all the details of quarter april to june 2017. please clarify it. - Reply By KASTURI SETHI - The Reply = You will get Central Excise duty credit plus VAT credit in Trans 1 as closing balance as on 30.6.17. for uti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lisation of same in July, 17 - Reply By Ganeshan Kalyani - The Reply = If duty paying document is available then 100% credit is available, otherwise only 40% credit is eligible - Reply By Himansu Sekhar - The Reply = Please fill up 7A. - Reply By KASTURI SETHI - The Reply = Rightly opined and suggested by both experts. - can a registered trader book credit of excise duty? - Query Start ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed By: - rakesh rohilla Dated:- 22-8-2017 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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