Itc on stock held via stock transfer against "form f"
This query is : Open
09 September 2017
Dear friends,
I was holding large stock against "Form F" as on 01.07.2017. What formalities/disclosures, we have to do in GST TRAN - 1, while few "F Forms" have been issued & few is yet pending??
I was holding large stock against "Form F" as on 01.07.2017. What formalities/disclosures, we have to do in GST TRAN - 1, while few "F Forms" have been issued & few is yet pending??
09 September 2017
You have to declare the total stock which you are taking input, in addition you need to declare the value of F forms to be received along with applicable taxes value, it will deduct your input value which you want to carry forward to GST
09 September 2017
TRAN-1 date is extended to 31 Oct. Wait for F form till 05 Oct.
09 September 2017
If not received then ITC reversed & same us claimed in earlier law....
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