How to differentiate Accumulated credit with Credit Transfer Document?
What is Accumulated credit? How does Credit Transfer Document work under GST regime? What are the difference between Accumulated credit and Credit Transfer Document?
Under GST system, the following information explains about Accumulated credit and Credit Transfer Document.
As per GST terms, Accumulated credit means credit availed on inputs, input services and capital goods to extent attributed to dutiable goods or taxable services/exported goods+ exported services, availed in excise/service tax returns and not utilized but C/F as closing balance in return filed in pre-GST. The concept of Credit Transfer Document (CTD) has been introduced in GST to transfer CENVAT credit paid on specified goods available with a trader on GST implementation date. In this article, we look at GST Credit Transfer Document in detail.
The details about Accumulated credit and Credit Transfer Document with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Accumulated credit and Credit Transfer Document, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Accumulated credit and Credit Transfer Document separately below. You may kindly read the below links to know more about Credit Transfer Document and Accumulated credit.
Accumulated credit to GST means
Term Credit Transfer Document under GST
The above information easily explains about Credit Transfer Document and Accumulated credit.
We hope, you have satisfied with the difference between Accumulated credit and Credit Transfer Document explained above. Do you have different thought on difference between Credit Transfer Document and Accumulated credit?
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