Question19:
We are Fabric manufacturer and have some balance of AED(TTA) in ER1. Can we claim credit of same in GST Trans 1.
Answer:
The credit
of closing Balance of CENVAT is available under section Section 140
(1) of CGST Act . it is permitting you to take credit lying in
CeNVAT account it is not making any difference whether it is credit of
excise or service tax or cess or additional duty etc.
So in our
opinion you can take the credit of AED