What rate of tax shall be applicable after GST comes in practice?

How shall we be able to handle stock in hand which has been excise paid but have no proof of excise paid & only vat is payable? What rate of tax shall be applicable after GST comes in practice?

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2 Answer(s)

If the goods are excisable and it is not mentioned in the invoice, then credit up to 60% of the excise duty paid is allowable(if excise is 18% or more). Otherwise 40%.

Answered on July 6, 2017.
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What is the procedure?

Answered on July 6, 2017.
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Your Answer

Gen GST