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Trans 1 filling compulsory

29 August 2017

Dear Sir,

I like to know Trans 1 filling compulsory if I am not like to take transitional Input Credit. Further where I put my jun closing stock? I think the closing stock will be shown GSTR - 1. Please clear my doubt, thanks

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (127549 Points)
Replied 29 August 2017

You want ITC in previous Stock...?
If Yes. TRAN 1 is mandatory.
If No. You can leave it....

RAJA P M ("Do the Right Thing...!!!") (127549 Points)
Replied 29 August 2017

If don't want ITC you don't be show the stock. Just you ll be sell your goods then pay your Tax liability....

Ranjit Karmakar (124 Points)
Replied 29 August 2017

thanks for reply, if i am not filling Trans - 1, where I show the stock?? I think it is shown on GSTR - 1

RAJA P M ("Do the Right Thing...!!!") (127549 Points)
Replied 29 August 2017

No. GSTR 1 and 2 is only for GST transactions. Not, available previous Tax regime's stock and it's details...
You want ITC then you can file TRAN 1. If you don't want no more action.