GST India Forum – Goods and Services Tax | Place for Experts › Forums › Bare Law › Section 170- Credit of eligible duties and taxes in respect of inputs held in st
- Madrecha and CoParticipantDecember 17, 2016 at 6:02 PMPost count: 202Topics: 202
Been thanked: 0 times
(1) A registered taxable person, who was engaged in the manufacture of non-exempted as well as exempted goods under the Central Excise Act, 1944 (1 of 1944) or provision of non-exempted as well as exempted services under Chapter V of Finance Act, 1994 (32 of 1994), shall be entitled to take, in his electronic credit ledger,
(a) the amount of Cenvat credit carried forward in a return furnished under the earlier law by him in terms of section 167; and
(b) the amount of Cenvat credit of eligible duties in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock on the appointed day, relating to exempted goods or services, in terms of section 169.
You must be logged in to reply to this topic.