Tran 1 credit

ITC / Input 158 views 3 replies
If old goods not sold in 6 month then what we will do? and we are given credit in Tran 1 ie some of stock was unsold then what we will do?
Replies (3)
for unsold inventory under 60 or 40 criteria no credit is given. actual credit will come based on sales from July to Dec by filing tran 2
if credit is reflected in tran 1 then u may have wrongly filled in details
I don't know how much unsold stock in future and I file the Tran 1 in the month of October 2017 in the given case what will do and I also not revised Tran 1 in last date 27 Dec 2017 , then what will we do?


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