Registered person who was paying tax/duty at fixed rate or paying fixed amount

Registered person who was paying tax/duty at fixed rate or paying fixed amount:

Registered person who was paying tax/duty at fixed rate or paying fixed amount under earlier law can take input tax credit of excise duty paid VAT in on inputs held in stock or contained in semi-finished goods and finished goods – section 140(6) of CGST Act and section 140(6) of SGST Act.

Details of stock are required to be submitted within sixty days – rule 1(2)(b) of Transitory Provisions Rules.