Dear All,
I will try to explain my query through an example.
Person A (an individual) not registered in GST till 15.03.2018 due to his turnover does not exceeds Rs. 20 lacs. But on 16.03.2018, he decides to opt for voluentry registration and also get the same on 20.03.2018. Now please answer the following questions:-
1. Since he have to file GSTR 3B and GSTR 1 for March 2018, Will he show all purchases and sales from 01.03.2018 to 20.03.2018 in GST return.
2. How he will claim the cenvat credit of unsold stock as on 20.03.2018. are TRAN 1 or 2 applicable.
CAclubindia
