JAGJEET SINGH asked 7 years ago
REG; G S T
DEAR SIR
WE ARE NOT REGISTERED WITH EXCISE DEPARTMENT AND WE HAVE MADE PURCHASED EXCISEABLE ITEM WITH EXCISE INVOICE.
MY QUESTION IS THIS CAN I AVAIL THE CENVAT DUTY PAID AGAIST MY STOCK LYING WITH ME OF ONE YEAR.
THANKS IN ADVANCE
1 Answers
ConsultEase Administrator answered 7 years ago
Yes..you can but kindly see the provisions of proviso to section 140(3) read with rules.only 40 or 60% of CGST on sale of such stock will be availble
