gstr tran 1 or tran 2

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dev (Querist)
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01 August 2017 jobwork of clothes buy some colour etc from trader for doing jobwork and having vat bills for such purchases.. now in gst can take itc on stock held on 30.6.17 pre-gst not register in any law.. and which form use ? and how ?

Amol S Joglekar

Amol S Joglekar (Expert)
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01 August 2017 You can take credit.
Is the amount substantial?

dev

dev (Querist)
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01 August 2017 its used like raw materials for job work

dev

dev (Querist)
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01 August 2017 full vat credit available ?

dev

dev (Querist)
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01 August 2017 and which gstr tran used to avail such credit ?

Amol S Joglekar

Amol S Joglekar (Expert)
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01 August 2017 I have the idea that it is used as raw material. The clients which I have from Bengaluru, the % is very small. That is why I asked. Please go through the site and then again come back with query. Ok?
https://cleartax.in/s/itc-claim-stock-transition-forms

dev

dev (Querist)
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01 August 2017 no % is small.. in vat colour fall under 18%..

dev

dev (Querist)
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01 August 2017 https://cleartax.in/s/itc-claim-stock-transition-forms i will check this link.. thank you..

Amol S Joglekar

Amol S Joglekar (Expert)
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01 August 2017 yours is job work. So falling under service. TRAN 1 should be filled.

dev

dev (Querist)
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01 August 2017 ok but confused in tran 1 vs tran 2

dev

dev (Querist)
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01 August 2017 ok thank you for tran 1

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