Sale of existing stock

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Rahul Bansal (Querist)
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20 July 2017 Sir I am a wholesale cloth merchant. Before GST textile was exempted from duties. Now I am am having old stock (pre-GST purchase) and I am selling it after adding GST to it. Now when I will be uploading it on GST portal how will ITC be calculated since purchase invoices for the same will not be available on the portal? Also should I fil the GST TRANS-2 form? When it will be available on GST portal?
Thanks

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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21 July 2017 Dear return filing period is from 1 to 10 of next month. Purchase available on portal after 11.So wait for it.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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21 July 2017 No need to file TRANS-2.

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