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Credit for Excise Duty/CVD/VAT, etc. and other input taxes paid on stocks on the GST commencement date

Assuming that GST comes into effect from April 1, 2017, will CENVAT and VAT credit be treated as a credit under GST? What will be procedure to claim this credit? 

naveenrishi

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Transitional provisions for availing credit of taxes/duties availed under existing tax regimes have been made under the Model GST law. Refer to section 141 onward for the said provisions. Credit would be eligible subject to certain conditions.

shirishgogate 0 votes
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