Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Trans-1

195 views 2 replies

Nidhi Prajapati

Accountant

109 Points Posted on 03 November 2017

Hello Experts,

Plz explain TRANS-1 applicablity for pvt. ltd. company if i have stock on 30.6.17, 21 lacs and its input already taken in vat so its necessary to fill TRANS-1 bcoz when i sold it then i will charge gst, which is higher then vat rate. Its very confusing plz help.

Replies (2)

B Vinay Reddy

Hyderabad

7952 Points Posted on 03 November 2017

GST TRANS 1 should be filed only if you want to avail Input on stock lying on 30th June

Shankar Sharma

513 Points Posted on 03 November 2017

@ Nidhi . You have already taken credit in VAT system. So you cannot claim ITC again. If you have unused VAT credit as on 1st July. You can carry it forward by entering relevant tables in TRAN 1 and filing it.

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Topic

More recent discussions | Post

Related Topics

Latest Job Openings

View all

29 June 2026

ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details

ARTICLESHIP 30 June 2026

Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details

10 June 2026

Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details

20 June 2026

Chartered Accountant

ANV & Company

New Delhi

CA

View Details

ARTICLESHIP 30 June 2026

Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details

29 June 2026

Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details

25 June 2026

Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details

06 July 2026

C.A./CA Inter OR pursuing C.A./GST/Accounts/Audit/IT - Head

Arvindkumar Maniar & Co.

Rajkot

CA

View Details