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TRANS 1 AND TRANS 2 APPLICABILITY

Others 2060 views 4 replies
Is trans 1 & 2 is compulsory ??
actually I DNT have any input tax credit left over for the month of June ,
but some are saying that I need to file trans 1 because I have closing stock
is it soo,
wat if I don't have closing stock ?
Replies (4)
If you Have closing stock with excise paid stock you can claim Input of Excise by filing form Tran 1
ohh then filing trans 1 is compulsory?
trans 1 is not compulsory, but why to waste ur input credit...so file trans1 and take ITC to GST..

i paid service tax for april to september and before i donot have cl. stock is trans 1 compulsary to me


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