Itc on stock held via stock transfer against "form f"
This query is : Open
Chandan Gupta
(Querist)
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??
CMA Ramesh Krishnan
(Expert)
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
CA Rashmi Gandhi
(Expert)
09 September 2017
TRAN-1 date is extended to 31 Oct. Wait for F form till 05 Oct.
CA Rashmi Gandhi
(Expert)
09 September 2017
If not received then ITC reversed & same us claimed in earlier law....
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