UP registered trading in iron & cement with 20lakh stock of iron & 30lakh stock of cement, on the basis of this, how much ITC can be claimed?
You can claim input for excise portion, if you have direct excise paid invoice from manfacturer than you can claim full excise otherwise 60% of CGST.
100% cgst, if excise bill have 60% cgst if bill have and are tax rate more then 18% 40% cgst if tax rate below 18%.
Sandeep ji aap ne jo answer diya h use detail me bataye.
Excise Nahi hai Bill ma Only Vat tha.