Respected sir/mam,
Please help me in below issue:
i am existing dealer under VAT act. I have no closing ITC upto 30th june, 2017. But there is closing stock lying in my factory. Please let me know whether i have to file transition 1 form?????
whether Transition 1 form is filed if no ITC under old regime upto 30 june 2017???
Replies (7)
Yes........ if you wish to avail ITC of any VAT/excise paid over the stock.......
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???
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???
Simply........ If you do not wish to take ITC of any nature, as of previous tax regime...... no need to file Trans 1 form.....
thank you sooo much sir for your valuable reply.
thank you sooo much sir for your valuable reply.
Most Welcome, Dear.....
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
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