Tran-1

239 views 1 replies

I have been regularly filing GSTR-3B from July till date and I had some old stock before July of about 15 lacs and not filed any TRAN-1 by the end of November.The old stock held before July was gradually sold in the months of July,August and Spetember and the same sales was shown in the above months in the GSTR-3B and paid the tax whatever.I have not collected any GST from the buyers but paid tax from the ITC derived from the purchases made from JUly which were adequate enough to claim ITC.What are the consequences for not claiming the ITC for the stock held till July in the TRAN-1 and what steps I have to take now for making everything fair under GST.

Replies (1)
if you are not claimed ITC you loose GST credit


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details