Input credit understanding

1. Yes......... ((I am not obtaining composition scheme. I will go for regular registration) 

2. It is B2B transaction and not to URD/ retail customer

As you raise tax invoice with purchaser's gstin.......... Company's account automatically get credited.

the company you are billing to will not accept your retail invoice since its B2B transection if he wants to take the credit of it.

Dear Dhirajlal Sir.,

I have a Big doubt...

A Trader/Manufacturer Have "Stock-in-Hand Rs. 500,000/-".

But, No ITC under VAT/CE in Hand on 30/06/17. Then how to treat the STOCK in GST...?

Please reply.,

No way to send PM to you...

@ P M Raja: 

Carry Forward of Closing Balance of Input VAT Credit to GST

• The closing balance of Input VAT Credit available on the last day, prior to the date on GST is implemented, can be carried forward to GST
• Carried forward of VAT Input credit will be treated as SGST Input Credit under GST regime.
• The closing balance of credit should be shown in the last return of VAT
• The carry forward is allowed only if such types of credit is also admissible under GST Act

In case Only Stock in Hand then how to its shown in TRAN Form....?

cbec/gst/transition-rules-04062017

attached