Please explain how to file Nil ITC-03 as there is no Closing Stock as on 31.03.2020.
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Quick Summary
This discussion addresses how to file a Nil ITC-03 form on the GST portal, specifically when there is no closing stock as of 31.03.2020. It clarifies that if there's no stock, filing ITC-03 is generally not required. The thread also touches upon whether to inform the GST officer about not filing and briefly inquires about TDS applicability for SAC Code 999294.