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Closing stock as on 30.6.2017

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What is the rule for availing input tax credit for the stock held on 30th June, 2017 which is INTER STATE PURCHASE and INTRA STATE SALE i.e CST purchase and GST sale.

Replies (7)
u file trans 1 and wait for itc
Section 140 - u can file GSTRAN 1 for closing credit - after verification by GST officials , credit shall be reflected in your electronic credit ledger
GSTRAN 1 FORM NAHI HAI SIR KIDHAR MILEGA
kidhar submit karnega
Thode din baad milega.

GSTRAN 1 MAY BE FILED ONCE THE GST PORTAL MAKES AVAILABLE THE FORM . WE HAVE TO WAIT TILL SUCH TIME

OK thank u


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