whether Transition 1 form is filed if no ITC under old regime upto 30 june 2017???

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 03 September 2017

Yes........ if you wish to avail ITC of any VAT/excise paid over the stock.......

Deepanshu

Article Assistant

38 Points Posted on 03 September 2017

thank you Dhirajlal for your reply.

Also please confirm if i have no closing ITC....but closing stock is lie in my godown....but no input remaining on such goods...bcs i had adjust that input to discharge my output liab...then i dont have to file transition form 1???

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 04 September 2017

Simply........ If you do not wish to take ITC of any nature, as of previous tax regime...... no need to file Trans 1 form.....

Deepanshu

Article Assistant

38 Points Posted on 04 September 2017

thank you sooo much sir for your valuable reply.

Deepanshu

Article Assistant

38 Points Posted on 04 September 2017

thank you sooo much sir for your valuable reply.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 04 September 2017

Most Welcome, Dear.....

M R Ravi

59 Points Posted on 19 September 2017

I am a dealer of goods and received invoices showing excise duty,to avail the excise credit I filed tran1 and is there any requirement to file trans 2