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Itc on closing storck

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 August 2017 Before GST i m rigester in composation dealer but now in gst i m regular dealer How can i claim ITC on closing stock and how?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 August 2017 you need to calculate the input tax available on stock as on 30th June 2017 and declare the stock and input details in GST Tran-1 to claim the transitional credit

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