Gst trans 1 & trans 2

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Accounts Manager
148 Points Posted on 23 December 2017

dear sir/ madam,

I am a dealer, I have purchased goods from supplier who is a manufacturer & he added cenvat credit is his bill & material is in stock as on 30-06-17 for which i have to declare in Trans 1.

I am liable for Tax Credit for that Cenvat Credit. My question is it necessary for me to sale that stock before unloading Trans 1 & is it necessary to file Trans 2 to avail the credit.

 

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On 23 December 2017 at 15:19 Report
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Student CA IPC / IPCC
29 Points Posted on 23 December 2017
yes u can. but no need to file tran 2. u can fill table 7-a only if there is exceise amount shown in invoice otherwise u require to file tran-2 also
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On 23 December 2017 at 15:29
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student
248 Points Posted on 25 December 2017
only stock of 30.6.17 cenvat credit can calim not full year ... which I s in closing only that excise amount have to claim... what about CST Purchase
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On 25 December 2017 at 12:16
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Accounts Manager
148 Points Posted on 30 December 2017

thank you 

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On 30 December 2017 at 18:18

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