Sale of existing stock
This query is : Resolved
20 July 2017
Sir I am a wholesale cloth merchant. Before GST textile was exempted from duties. Now I am am having old stock (pre-GST purchase) and I am selling it after adding GST to it. Now when I will be uploading it on GST portal how will ITC be calculated since purchase invoices for the same will not be available on the portal? Also should I fil the GST TRANS-2 form? When it will be available on GST portal?
Thanks
Thanks
21 July 2017
Dear return filing period is from 1 to 10 of next month. Purchase available on portal after 11.So wait for it.
21 July 2017
No need to file TRANS-2.
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