I am registered manufacturer in old-regime (Only in Sales Tax not in Excise) as well in GST.
As on 30.06.2017 there is ITC Credit available in Return filed with Sales Tax Department. There is also some stock available (raw material) as on 30.06.2017 which ITC already taken in Sales Tax Returns.
My 1st question is, will ITC available as per last Sales Tax Return to be filled Invoice-wise detail or just summary in Trans-1 to carry forward ITC Credit?
My 2nd question is, will ITC available on stock (raw material) as on 30.06.2017 will be filled in Trans-1?
CAclubindia
