I have to prepare details of closing stok on 30.6 for input purpose.
In which format I should prepare,. itc 01 or tran 1
what is difference in both
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regarding closing stock
Replies (1)
ITC 1 is with regards to our inputs lying with job worker as on 30 June.
TRAN 1 is required where you have any cenvat credit in your June return, or in case if you were not eligible for cenvat previously then stock as on 30 June you have to show in this form.
TRAN 1 is required where you have any cenvat credit in your June return, or in case if you were not eligible for cenvat previously then stock as on 30 June you have to show in this form.
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