Tran 1

Under TRAN-1 only details of closing stock that have date of invoice and/ or other documents  issued  within 12 months from the date of transition to GST i.e. appointed date can be claim for Tax credit. 

Can anyone give me link Under which Section the above line is maintioned.

Replies (1)
It was mentioned in transitional provisions section in CGST Act. However there is some correction in understanding, the section says in case of goods lying in stock as on 30.06.2017 on which input was not claimed under earlier laws, then subject to one year limitation he is allowed to take input credit in TRAN-1 as transitional credit.

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