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tran 1 is compulsory?

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service man
254 Points Posted on 21 October 2017
if we have paid the vat tax to gov for the month June, it means we haven't credit balance of vat credit . but we have approx 50 lakh stock balance.

please suggest should we have to file transfer 1 or not

regards
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On 21 October 2017 at 08:19 Report
Replies (12)
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Student
67 Points Posted on 21 October 2017
plzz file TRAN form to get input of VAT as SGST
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On 21 October 2017 at 09:10
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Business and tax consultant
3299 Points Posted on 21 October 2017
you can't get sgst input when you have already claimed only cgst you can get
3 Reply
On 21 October 2017 at 09:44
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service man
254 Points Posted on 21 October 2017
cst purchase is not creditable naa. should I have to file tran1 or not
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On 21 October 2017 at 09:50
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Business and tax consultant
3299 Points Posted on 21 October 2017
What kind of business you are doing
3 Reply
On 21 October 2017 at 09:51
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service man
254 Points Posted on 21 October 2017
stationery
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On 21 October 2017 at 12:38
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Business and tax consultant
3299 Points Posted on 21 October 2017
Ok do you have excise duty paid bills
3 Reply
On 21 October 2017 at 12:43
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service man
254 Points Posted on 21 October 2017
no I have not
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On 21 October 2017 at 12:50
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Business and tax consultant
3299 Points Posted on 21 October 2017
What is the tax in vat and now what's the tax in GST
3 Reply
On 21 October 2017 at 12:58
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service man
254 Points Posted on 21 October 2017
maximum item comes under 14.5 in vat and GST 12%
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On 21 October 2017 at 13:08
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Business and tax consultant
3299 Points Posted on 21 October 2017
Then no need to file tran1
3 Reply
On 21 October 2017 at 13:19
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service man
254 Points Posted on 21 October 2017
thanks , but what to do with stock
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On 21 October 2017 at 13:20
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Business and tax consultant
3299 Points Posted on 21 October 2017
nothing to do just sell it on profit you are the lucky one
3 Reply
On 21 October 2017 at 13:30


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