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Trans 1 filling compulsory

695 views 6 replies

Dear Sir,

I like to know Trans 1 filling compulsory if I am not like to take transitional Input Credit. Further where I put my jun closing stock? I think the closing stock will be shown GSTR - 1. Please clear my doubt, thanks

Replies (6)
You want ITC in previous Stock...?
If Yes. TRAN 1 is mandatory. 
If No. You can leave it....
If don't want ITC you don't be show the stock. Just you ll be sell your goods then pay your Tax liability....

thanks for reply, if i am not filling Trans - 1, where I show the stock?? I think it is shown on GSTR - 1

No. GSTR 1 and 2 is only for GST transactions. Not, available previous Tax regime's stock and it's details...
You want ITC then you can file TRAN 1. If you don't want no more action.

THANKS FOR REPLY

Yes. You are Most Welcome...


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