What are the consequences if we didn't fill gst trans-2 ?

Indian Construction Company   01 August 2017

Indian Construction Company

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what are the consequences if; our partnership-firm decided, not to file GST TRANS-2 form ? 

is it mandatory to do so ?

[we do have some old-stock namely; shuttering etc., worth few lacs rupees]

we are Govt. Civil-Engg. Works Contractor, (this is the first time we enrolled ourselves with GST/VAT etc.. we were unregistered-before for past many years) 

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