27 August 2017
D/SIR DUE TO PREVIOUS YEAR LOSS OUR VAT CARRY FORWARD AMT IS MORE THAN OUR JUNE-17 CLOSING STOCK'S VAT TOTAL AMT PLS GUIDE FOR SUBITION TRANS-1 IN GST. NOW WHAT CAN I DO. PLS GUIDE ME.
27 August 2017
You can claim ITC by filling Tran 1.
TRAN-1 needs to be filed by every person having closing stock registered under GST, regardless of whether they were registered under the pre-GST regime or not. The criteria for filing here is the presence of closing stock held as on 1st July, and need to claim ITC on this stock.
Credit of tax paid under CST to be carried forward for closing stock along with details of Form-C, Form-H/I, Form- F
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