For a new firm, starting from July 1st, how to get back excise in GST?

I am opening a new firm in june-17. Manufacturer will provide us items after excise duty of. 12.5 %. I will receive my items around 15th june 17.i don’t have excise no. I will start my sale from 1st July-17. How will i get my excise money back in gst??

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5 Answer(s)

As that excise is your cost and you are not registered under excise you won’t be able to get the benefits. if your turnover is not exceeding 20 lakhs then even you need not to register under gst too.

Answered on June 6, 2017.
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If you are in possession of invoices showing excise amount which will be paid by you to manufacturer then you will be eligible to take credits of inputs held in stock on appointed date i.e. the date GST becomes applicable.

Answered on June 6, 2017.
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You are unregistered dealer under excise department and no. credit available on gst appointed date.

Answered on June 6, 2017.
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If you take registration under GST and you doesn’t have excise invoices you would be able to take the credit of 40% CGST paid on such supply of goods only. If invoices evidencing payment of of excise then full credit of excise under GST.

Answered on June 6, 2017.
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Ok, if you can get gst reg. on 1st july then you have eligible for input tax credit before purchase of 30 days from gst reg. date.

Answered on June 6, 2017.
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Gen GST