Can transitional credit of SAD and CVD on 30th June stock will be adjusted against IGST & CGST ?

Can transitional credit of SAD and CVD on 30th June stock be adjusted against IGST output liabilities of the future? Or else it can be adjusted against cgst liabilities only. Please clarify

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1 Answer(s)

As per section 140(3) of CGST Act, cenvat credit can only be availed as CGST credit in the electronic credit ledger. However, cenvat credit of SAD is not available to output service provider.

Answered on August 25, 2017.
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Gen GST