{"id":786,"date":"2017-06-10T13:17:27","date_gmt":"2017-06-10T13:17:27","guid":{"rendered":"http:\/\/www.hostbooks.com\/in\/?p=786"},"modified":"2017-06-10T13:17:27","modified_gmt":"2017-06-10T13:17:27","slug":"section-170-credit-of-eligible-duties-and-taxes-in-respect-of-inputs-held-in-stock-to-be-allowed-in-certain-situations-transitional-provisions","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/gst-act\/section-170-credit-of-eligible-duties-and-taxes-in-respect-of-inputs-held-in-stock-to-be-allowed-in-certain-situations-transitional-provisions\/","title":{"rendered":"Section 170 : Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations &#8211; Transitional Provisions"},"content":{"rendered":"<p><strong>170. Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations<\/strong><\/p>\n<p>(1) A registered taxable person, who was engaged in the manufacture of nonexempted as well as exempted goods under the Central Excise Act, 1944 (1 of 1944) or provision of non-exempted as well as exempted services under Chapter V of Finance Act, 1994 (32 of 1994), shall be entitled to take, in his electronic credit ledger,<\/p>\n<p>(a) the amount of Cenvat credit carried forward in a return furnished under the earlier law by him in terms of section 167; and<\/p>\n<p>(b) the amount of Cenvat credit of eligible duties in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock on the appointed day, relating to exempted goods or services, in terms of section 169.<\/p>\n<p>(CGST Law)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>170. Credit of eligible duties and taxes in respect of inputs held in stock to<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":1356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/786"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=786"}],"version-history":[{"count":0,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media\/1356"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=786"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}