about trans1

g mahesh Mundra (Business and tax consultant)   (3299 Points)

03 October 2017  
hello experts I am doing retail business of royal Enfield genuine spare parts. on 30th June 2017 I have closing stock worth of 10lakhs for which I have only vat paid bills @ 14..5% I don't have any ITC carry forward on 30th June. from 1st July I have sold the same in New GST regime upto date all the stocks cleared by me and I have collected both cgst and sgst for 10lakhs 140000 for cgst and the same sgst. my question was whether can I claim the entire cgst by filing trans1 but I have only vat paid bills