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

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  • Madrecha and CoMadrecha and Co
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    #363 |

    (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.
    (CGST Law)

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