Trans 1 filed
This query is : Resolved
prakash jha
(Querist)
15 September 2017
can a person registered with vat law under wbvat required to give details of there stock as on 30/06/2017 as per section 7 please help if someone
CA Rashmi Gandhi
(Expert)
16 September 2017
If you want to take credit on stock available on 30.06 or any balance in last return of WBVAT then you have to file TRAN-1 otherwise no need ato file it.
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CA Rashmi Gandhi
(Expert)
16 September 2017
Refer article for more info
Clarifying TRAN 1 https://www.caclubindia.com/articles/details.asp?mod_id=30992
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prakash jha
(Querist)
16 September 2017
i filled the details of input tax credit forward but the problem is that i not give any details of stock held as on 30/06/2017
02 August 2025
If you **filed TRAN-1 claiming input tax credit (ITC) carried forward** but **did not provide details of the stock held as on 30/06/2017**, here are a few points to consider:
1. **Stock details are important** when you want to claim credit on input tax paid on stock lying as on 30.06.2017 (cutoff date for VAT to GST transition).
2. **If you claimed ITC on stock without disclosing stock details**, your TRAN-1 may be incomplete or may invite queries from the tax authorities.
3. Ideally, **you should file a TRAN-1 with complete details, including stock as on 30.06.2017, along with value and input tax paid** on such stock.
4. If the TRAN-1 is already filed without stock details, **you may consider revising or rectifying the TRAN-1 (if allowed)** or **respond to any notices or queries with proper documents**.
5. If you do not intend to claim credit on stock, then it is fine not to provide stock details.
---
### Suggested action:
* Check if your state VAT department or GST portal allows **revised filing of TRAN-1**.
* Prepare complete stock details with value and tax paid.
* Submit revised TRAN-1 or respond to department queries with these details.
---
1. **Stock details are important** when you want to claim credit on input tax paid on stock lying as on 30.06.2017 (cutoff date for VAT to GST transition).
2. **If you claimed ITC on stock without disclosing stock details**, your TRAN-1 may be incomplete or may invite queries from the tax authorities.
3. Ideally, **you should file a TRAN-1 with complete details, including stock as on 30.06.2017, along with value and input tax paid** on such stock.
4. If the TRAN-1 is already filed without stock details, **you may consider revising or rectifying the TRAN-1 (if allowed)** or **respond to any notices or queries with proper documents**.
5. If you do not intend to claim credit on stock, then it is fine not to provide stock details.
---
### Suggested action:
* Check if your state VAT department or GST portal allows **revised filing of TRAN-1**.
* Prepare complete stock details with value and tax paid.
* Submit revised TRAN-1 or respond to department queries with these details.
---
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