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about Closing Stock as on 31st march and 30/06/2017

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Accountant
101 Points Posted on 11 November 2017
sir is it compulsory to show closing stock for traders. if yes what is last date and what is the procedure. plz help me.

thanks
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On 11 November 2017 at 23:55 Report
Replies (12)
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Student
4042 Points Posted on 12 November 2017
For Composition last date is 30 Nov.
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On 12 November 2017 at 00:22
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Business and tax consultant
3299 Points Posted on 12 November 2017
for regular if you want claim you can file tran1
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On 12 November 2017 at 12:43
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Entrepreneur
94 Points Posted on 12 November 2017

in case one doent want to transfer his ITC in GST Regime, is he still to file TRANS 1??

Also, in case his ITC is standing on 30/06/2017, can he take refund from sale tax in form of cheque or any other instrument??

 

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On 12 November 2017 at 13:22
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Student
4042 Points Posted on 12 November 2017
Yes you can take refund fron Sales tax.

Then you didn't required to file TRAN-1
1 Reply
On 12 November 2017 at 18:11
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Business and tax consultant
3299 Points Posted on 12 November 2017
no you can't take refund from sales tax
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On 12 November 2017 at 20:08
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30 Points Posted on 12 November 2017
u can take refund tax if n only if u windup ur business... wht I believe..
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On 12 November 2017 at 21:15
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Business and tax consultant
3299 Points Posted on 12 November 2017
no that time also he can't take refund because he is the end user
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On 12 November 2017 at 21:17
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Accountant
101 Points Posted on 13 November 2017
thanks and plz one more clear- if ITC is not available then stock would be shown in Gst portal?
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On 13 November 2017 at 16:26
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Accountant
101 Points Posted on 14 November 2017
one more question- if ITC is not available then stock would be shown in Gst portal?
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On 14 November 2017 at 21:27
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Accountant
101 Points Posted on 14 November 2017
is it compulsory or not?
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On 14 November 2017 at 21:28
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Student
4042 Points Posted on 14 November 2017
I think yes as option to submit stock details are given in column 7(d) of tran-1
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On 14 November 2017 at 23:18
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Business and tax consultant
3299 Points Posted on 14 November 2017
No need to show in portal
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On 14 November 2017 at 23:37


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