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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about Closing Stock as on 31st march and 30/06/2017
Replies (12)
For Composition last date is 30 Nov.
for regular if you want claim you can file tran1
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??
Yes you can take refund fron Sales tax.
Then you didn't required to file TRAN-1
Then you didn't required to file TRAN-1
no you can't take refund from sales tax
u can take refund tax if n only if u windup ur business... wht I believe..
no that time also he can't take refund because he is the end user
thanks and plz one more clear- if ITC is not available then stock would be shown in Gst portal?
one more question- if ITC is not available then stock would be shown in Gst portal?
is it compulsory or not?
I think yes as option to submit stock details are given in column 7(d) of tran-1
No need to show in portal
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