if any stock not sold within six month which is mentioned in trans 1 then what will be consequences.
and my another question is if trans 1 not yet filed then is it possible to file manually to sto
Menu
trans 1 and trans 2
Replies (6)
It would be treated as supply, and ITC availed would be added to the output tax liability.
No, it cannot be filled manually
No, it cannot be filled manually
Yes if stock not sold within 6 months ITC claimed will be reversed.
As everything in gst is online you have to submit by electronic means only... not manually.
As everything in gst is online you have to submit by electronic means only... not manually.
but many people not yet filed trans 1 due to technical support so they filed repetation in high court , and with the technical support problem they filed manually
You contact and report to gst officials about this matter. Take their opinion.
how to value closing stock as on 30 june 2017 because tally shows value under avg cost method and as per as 2 it is cost or market price whichever is lower.
In tally there is option to change the costing method.
Recent Threads
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
Related Threads
CAclubindia
