We are availing area based exemption under central excise under notification 50/2003 dt 20.06.2003 having manufacturing facilities in Uttarakhand and our mfg finished goods are stock transferred to our own sales offices/Depots all over India and sold through Depots.
Now, the ITC under TRAN-1 on finished goods stock held at depot as on 30.06.17 to be claimed at the respective depots or at factory.
Kindly let us have your valuable advise.
Thanking you in advance.
V.Krishnamoorthy
It has to be claimed at the place where stock was kept.
GST is supply based tax, so when you supply goods from the place where they are stored, you pay tax.
So, you need to claim credit of excise for the registered place where goods are stored at the time of claim.
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