20 July 2017
Sir I am a wholesale cloth merchant. Before GST textile was exempted from duties. Now I am am having old stock (pre-GST purchase) and I am selling it after adding GST to it. Now when I will be uploading it on GST portal how will ITC be calculated since purchase invoices for the same will not be available on the portal? Also should I fil the GST TRANS-2 form? When it will be available on GST portal? Thanks
CAclubindia
