How to file Nil ITC-03 in GST Portal?

SACHIN P N (CA In Practice) (25 Points)

11 May 2020

Hello,

Please explain how to file Nil ITC-03 as there is no Closing Stock as on 31.03.2020.

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4 Replies

sunil arora (54 Points)
Replied 11 May 2020

If there is no stock as on 31.03 2020.....ITC -03 is not required to be filed......

SACHIN P N (CA In Practice) (25 Points)
Replied 11 May 2020

Thank You.

Is there need to intimate the concerned gst officer regarding ITC-03 since we are not filing the same as stock was nil?

Prajwal Tarikere Doddamane (2 Points)
Replied 03 June 2020

If there is no stock as on 31.03 2020.

.ITC -03 is not required to be filed.?

Melwyn Dsouza (Accountant) (2 Points)
Replied 06 May 2022

Sir

is tds applicable for SAC Code 999294 and what is the rate?

thanks

Melwyn

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