sir,
Is there any procedure to file trans-1 now on closing stock(stock amount is RS.10cr).we can make application to our officer?is there any power to GST officer to give manual credit?
Narayan Shivhare
(204 Points)
Replied 26 August 2018
Pankaj Rawat
(GST Practitioner)
(55037 Points)
Replied 27 August 2018
Narayan Shivhare
(CA)
(64 Points)
Replied 28 August 2018
if you shows old stock in GST than you have to give full gst at the time of sale without transition credit.
Pankaj Rawat
(GST Practitioner)
(55037 Points)
Replied 29 August 2018
YES CORRECT, BUT ITS NOT COMPULSION OF CARRY NIL STOCK IF ONE HAS NOT FILE TRAN1
Keval Gandhi
(11 Points)
Replied 29 August 2018
Pankaj Rawat
(GST Practitioner)
(55037 Points)
Replied 31 August 2018
NO DEAR , NOW CANNOT FILE TRAN 1 & THERE IS NO ANY OTHER WAY TO TAKE CREDIT ON STOCK
CAclubindia
